Warehouse Flex Unit with
1054 W Sherman Boulevard Muskegon, MI 49441
1054 W Sherman Boulevard, Muskegon, MI, 49441
$225,000
For Sale
$225,000
COMMERCIAL - Muskegon, MI
Property Size1,800 SF
Price / SF$125
Days on Market485
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
- 6124036400001900
- Size
- 1,800 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 2003 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: Mar 26, 2025 Updated: Jul 9 at 3:38AM Checked: Jul 23 at 10:06AM
MLS# 25012026
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 warehouse flex unit offers a 24' x 60' layout with soaring 21' ceilings and a 15' x 24' mezzanine. Clearance below the mezzanine is 10'6'', providing additional working or storage space. The unit includes a 16' x 16' overhead door with an automatic opener, LED lighting, an industrial ceiling fan, and closed-cell spray foam insulation.
The building systems include a 100,000 BTU furnace and a 10-gallon electric water heater, along with a private bathroom within the unit. Convenience features include floor drains, and utilities are individually metered with 100-amp electrical service per unit for gas and electric.
Access is supported by the large overhead door, and the configuration is suitable for organizations needing flexible warehouse space combined with mezzanine area for storage or office use.
The building systems include a 100,000 BTU furnace and a 10-gallon electric water heater, along with a private bathroom within the unit. Convenience features include floor drains, and utilities are individually metered with 100-amp electrical service per unit for gas and electric.
Access is supported by the large overhead door, and the configuration is suitable for organizations needing flexible warehouse space combined with mezzanine area for storage or office use.
Key Highlights
- Versatile 1,800 sq. ft. unit (24' x 60') with a 15' x 24' mezzanine, suitable for various uses.
- High 21' ceilings with 10'6'' clearance under the mezzanine, maximizing usable space.
- 16' x 16' overhead door with automatic opener for easy access.
Local Financial Insights For Industrial
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 | $25.3k | $14.04 |
| − Vacancy | −$607 | −$0.34 |
| EGI | $24.7k | $13.70 |
| − OpEx | −$7.4k | −$4.11 |
| NOI | $17.3k | $9.59 |
1,800 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$246.7K
$215.8K – $287.8K
NOI $17,266 @ 7.0% cap · market cap 7.67%
Theoretical Best
Hotel Hospitality
$16.90M
$14.79M – $19.72M
NOI $1,183,270 @ 7.0% cap · market cap 525.90%
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
FAQs
What type of property is this?
Flex space - Industrial flex unit includes a 15' x 24' mezzanine, 21' ceilings, and a 16' x 16' overhead door.
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 $225,000.
What are key features of this property?
This property features: Versatile 1,800 sq. ft. unit (24' x 60') with a 15' x 24' mezzanine, suitable for various uses.; High 21' ceilings with 10'6'' clearance under the mezzanine, maximizing usable space.; 16' x 16' overhead door with automatic opener for easy access.
