Industrial Flex Warehouse
1054 W Sherman Boulevard Muskegon, MI 49441
1054 W Sherman Boulevard, Muskegon, MI, 49441
$210,000
For Sale
$210,000
COMMERCIAL - Muskegon, MI
Property Size1,440 SF
Price / SF$145.83
Days on Market276
Property Features for 1054 W Sherman Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 61-24-036-400-0019-00
- Size
- 1,440 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 200 SEE ATTACHED
- Tax Annual Amount
- 5300
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agency
Greenridge - Nexes
(231) 739-3501
Listed by
Brock Edward Carlston · License #6501370180
(231) 578-0556
Added: Oct 21, 2025 Updated: Jul 9 at 3:19AM Checked: Jul 23 at 8:06AM
MLS# 25054179
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale industrial flex/warehouse unit offers enclosed work and storage space with soaring 21-foot ceilings. The unit includes a private bathroom and is fully insulated with closed spray foam. Interior amenities include LED lighting and an industrial ceiling fan, and the unit is equipped with a 100,000 BTU furnace and a 10-gallon electric water heater.
Access is provided by a 16-by-16 overhead door with an automatic opener. Floor drains are included in the unit, supporting day-to-day convenience and cleanup.
Services are individually metered for gas and electric, with 100-amp electrical service per unit. Property taxes are listed as an estimate from the assessor’s office, and buyers and their agents are advised to verify all information.
Access is provided by a 16-by-16 overhead door with an automatic opener. Floor drains are included in the unit, supporting day-to-day convenience and cleanup.
Services are individually metered for gas and electric, with 100-amp electrical service per unit. Property taxes are listed as an estimate from the assessor’s office, and buyers and their agents are advised to verify all information.
Key Highlights
- Versatile 1,440 sq. ft. space suitable for various uses.
- High 21' ceilings provide ample vertical space.
- 16' x 16' overhead door with automatic opener for easy access.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $14.04 |
| − Vacancy | −$485 | −$0.34 |
| EGI | $19.7k | $13.70 |
| − OpEx | −$3.0k | −$2.06 |
| NOI | $16.8k | $11.65 |
1,440 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$239.6K
$209.7K – $279.6K
NOI $16,773 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 6.58%
Theoretical Best
Hotel Hospitality
$13.52M
$11.83M – $15.78M
NOI $946,616 @ 7.0% cap · market cap 450.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- T&K Custom Catering LLC, — 1413 Winchester Dr, Muskegon, MI 49441
- Firehouse Subs Henry St — 3194 Henry St, Norton Shores, MI 49441
FAQs
What type of property is this?
Flex space - Industrial unit includes 21-foot ceilings, a 16-by-16 overhead door, and a private bathroom.
Where is this flex space located?
The property is located at 1054 W Sherman Boulevard Muskegon, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Versatile 1,440 sq. ft. space suitable for various uses.; High 21' ceilings provide ample vertical space.; 16' x 16' overhead door with automatic opener for easy access.
