4116 17 Mile Rd NE - Storefront FOR SALE


Cedar Springs, MI 49319
$3,318,953 USD
248-415-2634
4116 17 Mile Rd NE, Cedar Springs, MI for Sale
$3,318,953 USD
Storefront - FOR SALE
1/7
null | 8.07% Cap Rate

4116 17 Mile Rd NE
Cedar Springs, MI 49319


HIGHLIGHTS

  • Multi-Tenant Retail Center | 80% of Center on NNN Leases
  • Strong leasing momentum - 6 units leased within the past 5 years
  • High Traffic Corridor 17 Mile Road: 15,133 VPD | US-131: 42,136 VPD | 57,269 Combined VPD
  • Surrounded by national and regional tenants, including Meijer, ALDI, Tractor Supply Co., Dollar Tree, Advance Auto Parts
  • Located along 17 Mile Road with immediate access to US-131 | 20 Miles North of Grand Rapids

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,318,953 USD

PRICE/SF

$209 USD /SF

CAP RATE

8.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

100% Occupied Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

H-C

APN/PARCEL ID

41-02-36-100-004

ASK ABOUT THIS PROPERTY

Darin GrossMarcus & MillichapMore Info
248-415-2634

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Darin GrossMarcus & MillichapMore Info
248-415-2634

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.