Phoenix Square

1180-1220 Phoenix St, South Haven, MI 49090

  • For Sale $3,300,000
  • Property Type Retail - Strip
  • Property Size 41,715 SF
  • Lot Size 7.4 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1975
  • Date Updated Sep 3, 2024
South Haven is a charming coastal city located in the southwestern part of the state of Michigan, United States. It is situated on the eastern shore of Lake Michigan, specifically at the mouth of the Black River. South Haven is known for its beautiful beaches, picturesque harbor, and vibrant downtown area. The city features a delightful blend of natural beauty and small-town charm. It is surrounded by lush orchards, vineyards, and rolling countryside, providing a scenic backdrop for outdoor activities and exploration. The sandy beaches along Lake Michigan offer opportunities for swimming, sunbathing, beachcombing, and various water sports. South Haven's harbor serves as a focal point for both recreational and commercial boating. You can often see sailboats, yachts, and fishing vessels dotting the harbor, creating a picturesque scene. The riverfront area is a popular spot for strolling, picnicking, and enjoying views of boats cruising along the river. The downtown area of South Haven is a vibrant hub filled with unique shops, boutiques, art galleries, and restaurants. It has a welcoming atmosphere and is known for its friendly locals. Visitors can explore the downtown streets, browse through the charming shops, sample local cuisine, and even catch live entertainment at some of the venues..

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Highlights

  • 41,715 Square Foot Building Situated on 7.4 Acres of Land with Ample Parking
  • South Haven is a Compact Tourist Destination with a Strong Concentration of Stores, Service Outlets, Educational Facilities, Restaurants, and Public Facilities Densely Situated Near the Subject Property
  • New Lease Executed with Verizon | 5-Year Lease with 2.0% Annual Increases | 23 Unit Operator
  • Site Offers Low Replaceable Rents | New Verizon Lease is a 71% Increase from Previous Tenant | Upside with the Ability to Push Market Rents
  • Minimal Competition for Dunham's | Only National Sporting Goods Retailer for Over 30 Miles
  • Current Tenants Have Occupied this Location for at Least 15 Years
  • Located Directly Across from Meijer (Predominant Regional Grocer) | Third Building from Interstate Exit Ramp (196/Route 31)
  • Close Proximity to Air Travel | 8 Minutes from South Haven Area Regional Airport
  • Average Household Income Exceeds $52,521 within One Mile
  • Subject Property Serves Local University | 1.5 Miles from Lake Michigan College (2,700 Students)
  • National Tenant's Surrounding Investment Property: Taco Bell, Subway, Meijer, Tractor Supply Company, Walmart Supercenter, ALDI, Menards, and Many More

Contacts

broker

Evan Lyons

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable

  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City South Haven, MI
  • Zip Code 49090
  • Market Grand Rapids

Points of Interest

  • Bangor

    9.64 miles

  • BP

    0.04 miles

  • Meijer

    0.08 miles

  • Marathon

    0.13 miles

  • Murphy USA

    0.39 miles

  • Shell

    0.41 miles

  • Pacific Pride

    0.42 miles

  • Village Xpress

    1.18 miles

  • Sunoco

    1.56 miles

  • car parking

    7.22 miles

  • truck parking

    7.25 miles

  • Taco Bell

    0.06 miles

  • Arby's

    0.08 miles

  • China Buffet

    0.11 miles

  • Big Boy

    0.41 miles

  • Wendy's

    0.43 miles

  • Culver's

    0.50 miles

  • China Cafe

    0.70 miles

  • Phoenix Street On Broadway

    0.71 miles

  • Subway

    0.73 miles

  • Sophie's Steakhouse & Bar

    0.74 miles

  • Meijer

    0.21 miles

  • ALDI

    0.39 miles

  • Walmart Supercenter

    0.51 miles

  • Nature's Country Cupboard

    0.84 miles

  • Merson's

    0.85 miles

  • N&R Department Store

    0.89 miles

  • DeGrandchamp Farms

    2.91 miles

  • Harding's Friendly Market

    9.77 miles

Frequently Asked Questions

How much does Phoenix Square cost?

The space currently listed for sale at Phoenix Square asks for $3,300,000.

What is the total square footage of Phoenix Square?

Phoenix Square totals 41,715 square feet.

When was this property built?

Phoenix Square was built in 1975.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Evan Lyons

Encore Real Estate Investment Services