1180-1220 Phoenix St | South Haven, MI 49090
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1180-1220 Phoenix St
South Haven, MI 49090
Phoenix Square · Retail Property For Sale
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
Property Type
Retail
Property Subtype
Freestanding
Building Size
41,715 SF
Building Class
B
Year Built
1975
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.13
Lot Size
7.40 AC
Zoning
B-4 - General Business District
Parking
200 Spaces (4.79 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 80-53-620-054-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,031,600 |
PROPERTY TAXES
Parcel Number
80-53-620-054-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,031,600
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