1675 Phoenix Street, South Haven, MI 49090

$2,175,000
Property Type: Commercial Sale Square Footage: 28,925 Lot Size (sq. ft.): 186,436 Status: Sold
Current Price: $2,250,000 List Date: 9/20/2017 Last Modified: 10/28/2021

Overview

Description

Excellent Retail Investment opportunity in South Haven, Michigan. This 28,925 SF fully leased Retail Strip is on 4.28 Acres of land. Strategically located in a high traffic count intersection, just off I-196. Great tenant mix with six (6) retails stores. 9% cap rate conservatively underwritten.

Listing Details MLS# 17047850

Location Property Info

County
Van Buren
Street #
1675
Street Name
Phoenix Street
State
MI
Zip Code
49090

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
4.28
Lot Square Footage
186436
Lot Dimensions
503 x 356 x 353 x 474
Year Built
2002
Road Frontage
827
Total # Units
6
# Fin Bldg Lvls
Yes
Total # Bldgs
Yes
Total SqFt
28925
Full Baths
Yes
Waterfront
No
School District
South Haven
Year Remodeled
0

Tax Info

Tax ID #
80-53-869-002-40
Taxable Value
629700
SEV
629700
For Tax Year
2017
Seller's Annual Property Tax
36303.07
Tax Year
2016
Spec Assessment & Type
n/a
Zoning
Commercial
Homestead %
0

Remarks Misc

Directions
I-196 to exit 20 for downtown South Haven. east one block to address.

Status Change Info

Under Contract Date
2018-07-02
Sold Date
2018-10-10
Sold Price/SqFt
75.19

More Information

Location & Property Info

Cross Streets
Veterans and 73rd
Property Sub-Type
Retail
Area
Southwestern Michigan - S
Municipality
South Haven City

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
77.79
Prop Avail for Lease?
No

Remarks & Misc

Legal
C902F 1&2-1-17 1038-243 1088-374 1180-465 1360-142,143 1364-147 1365-764 BEG AT SE COR OF SEC 2, TH S 88 DEG 04'22''W AL

Utilities Attached

Electricity Connected
Yes
Natural Gas Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Retail
Yes

Construction Type

Steel
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Heat Type

Forced Air
Yes

Business Includes

Real Estate
Yes

Util Avail at St

Electricity Available
Yes
Storm Sewer
Yes

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Property Features

Uses: Retail Business Includes: Real Estate Construction Type: Steel Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected Util Avail at St: Electricity Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Documents

Listing Office: Colliers International Holland
Listing Agent: Matthew D Wickstra
IDX
Last Updated: October - 28 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.