Versatile Industrial Space 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 3:19AM Checked: Jul 23 at 9:06AM
MLS# 25012047
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 commercial property offers a versatile 1,800 sq. ft. unit with a 24' x 60' layout, suitable for mancaves, small businesses, or commercial storage. A 15' x 24' mezzanine provides additional space. The unit features 21' ceilings and 10'6'' clearance under the mezzanine. Access is facilitated by a 16' x 16' overhead door with an automatic opener. The property is fully insulated with closed spray foam for energy efficiency and includes a 100,000 BTU furnace and a 10-gallon electric water heater. LED lighting and an industrial ceiling fan are installed throughout the unit. Each unit contains a private bathroom and floor drains. Individually metered gas and electric services are provided, along with 100-amp electrical service per unit. The property is located in Muskegon, MI. It is suited for entrepreneurs, contractors, hobbyists, or anyone needing a secure, efficient space to work or store equipment.
Key Highlights
- Versatile 1,800 sq. ft. unit with a 15' x 24' mezzanine, suitable for various uses.
- High 21' ceilings with 10'6'' clearance under the mezzanine.
- 16' x 16' overhead door with automatic opener.
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 - 1,800 sq ft unit with mezzanine, ideal for various uses.
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 with a 15' x 24' mezzanine, suitable for various uses.; High 21' ceilings with 10'6'' clearance under the mezzanine.; 16' x 16' overhead door with automatic opener.
