This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

941 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Phoenix Square 1180-1220 Phoenix St

41,715 SF 100% Leased Retail Building South Haven, MI 49090 £2,582,085 (£62/SF) 8.40% Net Initial Yield

Investment Highlights

  • 41,715 Square Foot Building Situated on 7.4 Acres of Land with Ample Parking
  • New Lease Executed with Verizon | 5-Year Lease with 2.0% Annual Increases | 23 Unit Operator
  • Minimal Competition for Dunham's | Only National Sporting Goods Retailer for Over 30 Miles
  • South Haven is a Compact Tourist Destination with a Strong Concentration of Stores, Service Outlets, Educational & Public Facilities, and Restaurants
  • Site Offers Low Replaceable Rents | New Verizon Lease is a 71% Increase from Previous Tenant | Upside with the Ability to Push Market Rents
  • Majority of Tenants in Occupancy on-site for at Least 15 Years

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
41,715 SF
Building Class
B
Year Built
1975
Price
£2,582,085
Price Per SF
£62
Net Initial Yield
8.40%
NOI
£216,895
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
2 Exterior
Building FAR
0.13
Lot Size
7.40 AC
Zoning
B-4
Parking
200 Spaces (4.79 Spaces per 1,000 SF Leased)
1 of 1

Nearby Major Retailers

Biggby Coffee
Huntington National Bank
Independent Bank
Rent-A-Center
CrossFit
ALDI
Fifth Third Bank

PROPERTY TAXES

Parcel Number 80-53-620-054-00 Improvements Assessment £0
Land Assessment £0 Total Assessment £724,470

PROPERTY TAXES

Parcel Number
80-53-620-054-00
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£724,470
(248) 702-0288

Contacts

  • Listing ID: 32935951

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 1180-1220 Phoenix St, South Haven, MI 49090

1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/2
1180-1220 Phoenix St, South Haven, MI for sale Building Photo- Image 1 of 2
Photo 1

1 of 1

Connect with us

© 2024 CoStar Group

Phoenix Square | 1180-1220 Phoenix St
(248) 702-0288 x

Phoenix Square | 1180-1220 Phoenix St

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Evan Lyons

(248) 535-0354

(248) 535-0354

Joe Lopez

(248) 702-0728

(248) 702-0728

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link