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4624-4660 N M-37 Hwy 60,000 SF 92% Leased Retail Building Middleville, MI 49333 $4,703,526 CAD ($78.39 CAD/SF) 8.25% Cap Rate

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EXECUTIVE SUMMARY

Neighborhood shopping center anchored by Middleville’s primary grocer, complimented by a mix of retail, service, and office tenants.
Consistent historical occupancy with stable tenancy supporting long term cash flow.
Recent capital improvements: new roof over entire center and parking lot improvements.
Confidential Agreement required for financials and rent roll.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
60,000 SF
Building Class
C
Year Built
2003
Price
$4,703,526 CAD
Price Per SF
$78.39 CAD
Cap Rate
8.25%
NOI
$388,041 CAD
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
12.00 AC
Zoning
Commercial - Commercial Zoned District
Parking
224 Spaces (3.73 Spaces per 1,000 SF Leased)
Frontage
759’ on M-37 Hwy

AMENITIES

  • Signage
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Derek Saunders: Allstate Insurance
  • Finance and Insurance
  • -
  • -
  • -
  • -
  • First Rehab Physical Therapy
  • -
  • -
  • -
  • Triple Net
  • -
  • Retailer
  • -
  • -
  • -
  • -

Harding’s currently has 28 Harding’s Market, Marketplace and Fresh Express stores located throughout SW Michigan and Northern Indiana. They strive to create an inviting shopping experience for Their customers, offering personalized service, including store to car carryout service. They offer their employees a great working environment with opportunity for growth. They take pride in being a part of the communities in which we reside. Harding vision is to be known as the favorite neighborhood market in every community where they do business, providing friendly service; high quality, fresh products; surprising values; and a commitment to the communities they serve.

  • HCS Computers LLC
  • Professional, Scientific, and Technical Services
  • -
  • $7.77 CAD
  • Triple Net
  • Aug 2023
  • Pharmacy Care
  • Retailer
  • -
  • -
  • -
  • -
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Triple Net
  • Apr 2035

The Other Body Shop is a 24/7 fitness center with locations in Hastings and Grand Rapids, Michigan, dedicated to fostering a welcoming, inclusive community for all fitness levels—from beginners to seasoned athletes. Their facilities feature a wide range of strength, cardio, and functional training equipment to support diverse health goals. Focused on improving physical wellness and overall well-being, The Other Body Shop offers affordable, no-contract memberships with special discounts for military, law enforcement, and first responders. The center emphasizes a positive culture where members can take control of their health in a supportive environment. With personal training options and health-focused resources, The Other Body Shop empowers members to build strength, lose weight, and stay consistent on their fitness journeys.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Derek Saunders: Allstate Insurance Finance and Insurance - - - -
First Rehab Physical Therapy - - - Triple Net -
Retailer - - - -
HCS Computers LLC Professional, Scientific, and Technical Services - $7.77 CAD Triple Net Aug 2023
Pharmacy Care Retailer - - - -
Arts, Entertainment, and Recreation - - Triple Net Apr 2035

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • E
  • 5,015 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
E 5,015 SF Retail - Now

E

Size
5,015 SF
Space Use
Retail
Position
-
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-100-025-20
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,887,983 CAD
  • Listing ID: 37836250

  • Date on Market: 2025-09-26

  • Last Updated:

  • Address: 4624-4660 N M-37 Hwy, Middleville, MI 49333

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