West Sherman Plaza, a 29,182 square foot retail center in Muskegon, MI, presents a compelling investment opportunity. Situated on a 2.51-acre lot at the highly visible northwest corner of Sherman Boulevard and Henry Street, this multi-tenant property boasts excellent street frontage and ample parking. The center benefits from a strong tenant mix, including anchor tenants Supermercado San Jose and Family Dollar, and enjoys close proximity to major retailers such as Betten Baker Honda and Chevrolet, Home Depot, West Marine, Sherwin Williams, Walgreens, Rite Aid, Gordon Food Service, and Aldi. This prime location ensures high traffic volume and excellent visibility for all tenants. Built in 1979, the property has been meticulously maintained, with recent improvements including a new roof (2016), new downspouts, and a resealed asphalt parking lot (2018). The building is currently 93% occupied, with 2,070 square feet of vacant space available. An end-cap suite offers the potential for a drive-thru option, further enhancing its appeal. This well-located, well-maintained retail center offers a unique opportunity for investors seeking strong returns in a thriving retail corridor. The property's strategic location near US-31 provides easy access for customers and employees.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$6,100,668
Hospitality
$5,588,180
Educational
$4,649,300
Medical
$4,809,196
Retail
$7,232,244
Location Insight
City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.206
Longitude
-86.2651
CBSA code
34740
CBSA name
MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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