1675 Phoenix StSouth Haven, MI 49090

  • Retail properties
  • 28,700 SF
For Lease
$14/SF/YR View listing

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
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
1675 Phoenix St, South Haven, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$37,011
-
-
$757,200
-
-
-
$1,514,400

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