1675 Phoenix StSouth Haven, MI 49090

Property Details for 1675 Phoenix St

Year built

2002

Lot size

4.28 AC

Property size (Sq ft)

28,700 SF

Zone code

B-4

Property type

Strip malls

Property subtype

Neighborhood centers

APN

80-53-869-002-40

APU

805386900240

Description

This exceptional retail property, located at 1675 Phoenix St in South Haven, Michigan, presents a unique investment opportunity. The 28,925 square foot building, constructed in 2002, is classified as Class C and sits on a generous 4-acre lot. Currently, there are two available retail spaces, offering flexible options ranging from 2,000 to 12,000 contiguous square feet, with a total of 21,000 square feet currently vacant. The minimum divisible space is 9,000 square feet, ideal for larger tenants seeking significant presence. The property boasts ample parking with 180 spaces, ensuring convenient access for customers and employees. Situated in the Van Buren County submarket, this location benefits from high visibility and strong traffic flow, making it an attractive destination for businesses. The property's vehicle-related subtype suggests potential for businesses catering to automotive needs or related services. This is a rare opportunity to acquire a substantial retail space in a thriving Michigan community. The property's size and flexibility make it suitable for a variety of retail uses, offering significant potential for growth and return on investment. The zip code is 49090.

• CAP approach

  CAP return

  Valuation

  6%

  $5,414,800

  6.5%

  $4,998,276

  7%

  $4,641,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,420,201

  Geo Method

  $9,420,201

• Alternative Use

  Use

  Valuation

  Residential

  $4,216,233

  Hospitality

  $3,862,047

  Educational

  $3,213,178

  Medical

  $3,323,684

  Retail

  $4,998,276

Location Insight

City

South Haven

County

Van Buren

State

Michigan

Latitude

42.4046

Longitude

-86.2451

CBSA code

28020

CBSA name

KALAMAZOO-PORTAGE, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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