518–628 N Beacon Blvd Retail
  • Asking Price
    $7MAsking Price
  • Gross Leasable Area
    40,428 SFGross Leasable Area
  • NOI
    $470KNOI
  • Occupancy
    97%Occupancy
  • State
    MIState
  • City
    Grand HavenCity

Description

We are pleased to present this opportunity. Grand Haven Shopping Center is a 40,428-square-foot retail investment offered for sale at 518–628 North Beacon Boulevard in Grand Haven, Michigan. The center is priced at $6,962,963, or approximately $172.23 per square foot, at a reported 6.75% capitalization rate and $470,000 in net operating income.

Built in 1997, the center is reported to be approximately 97% leased. Its multi-tenant format provides existing income while the remaining vacancy creates an opportunity to increase occupancy and net operating income. The offering combines established tenancy with near-term value-add potential rather than relying on future development.

The property is positioned along North Beacon Boulevard, a primary Grand Haven retail corridor serving local residents and seasonal visitors.

Offering Summary

  • Asking Price
    $6,962,963
  • Price PSF
    $172.23
  • Property Type
    Retail
  • Size
    40,428 SF
  • Available
    1,412 SF
  • Occupancy
    97%
  • Built
    1997
  • Parking
    232

Sale Details

  • Cap Rate
    6.75%
  • NOI
    $470,000

Documents

Property Address

518–628 N Beacon Blvd
Grand Haven, MI 49417

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    40,428 SF

Deal Team

Sal Yaldo profile image

Sal Yaldo

Managing Partner
Apex Commercial Real Estate Advisors
MI RE Lic. 6501438965