100% Occupied Retail Center 4116 17 Mile Rd NE 15,879 SF 100% Leased Retail Building Cedar Springs, MI 49319 $3,318,953 ($209.02/SF) 8.07% Cap Rate

Marcus & Millichap is pleased to present Cedar Springs Retail Center, a fully leased retail asset at 4116 17 Mile Road in Cedar Springs, Michigan. Built in 2004, the property sits on 2.16 acres and offers 15,879 square feet of leasable area. It is strategically located just off U.S. 131 and in close proximity to Meijer, ensuring exceptional visibility and access to strong regional traffic flows.
Cedar Springs is located about 20 miles north of downtown Grand Rapids and is part of the Grand Rapids–Kentwood metropolitan area. The property is positioned in a thriving retail corridor surrounded by national and regional tenants, including Meijer, ALDI, Tractor Supply Co., Dollar Tree, Advance Auto Parts, O’Reily, Family Farm & Home, and AutoZone.
Traffic counts underscore the property’s excellent positioning, with more than 15,133 vehicles per day on 17 Mile Road near the interchange and more than 42,130 vehicles per day along US-131—a combined total exceeding 57,260 vehicles daily.
The surrounding 10-mile trade area boasts a strong consumer base with 78,640 residents in 2024 and steady growth projected to reach more than 80,000 by 2029. Residents within this radius report an average household income of $113,472, well above state and national averages, which supports higher levels of discretionary spending.
The property benefits from strong community anchors, including the Cedar Springs Public School District, which serves more than 3,200 students across multiple schools, and Creative Technologies Academy, a K-12 charter school serving about 300 students. Additional anchors include University of Michigan Health-West Cedar Springs Health Center, an outpatient facility that sees more than 250,000 patient visits annually.
The City of Cedar Springs Master Plan highlights long-term growth opportunities driven by the 425 Agreement with Solon Township, which supports annexation and utility expansion along the US-131 and 17 Mile Road corridor. The plan emphasizes sustainable growth, protection of natural features, and the development of community assets such as the Heart of Cedar Springs Park, Heritage Park and the Fred Meijer White Pine Trail. These civic improvements, paired with retail expansion near the interchange, strengthen the city’s long-term appeal for residents, businesses and investors.