Insulated Flex Industrial
1054 W Sherman Boulevard Muskegon, MI 49441
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
Changed: Jul 9
Last Checked: Jul 23 at 1:06PM
MLS# 25011998
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 flex industrial warehouse unit offers approximately 1,800 square feet in a 24' x 60' layout. The space includes a 15' x 24' mezzanine and 21' ceilings, with 10'6" clearance under the mezzanine. A 16' x 16' overhead door with an automatic opener provides convenient access.
The unit is fully insulated with closed-cell spray foam and includes LED lighting and an industrial ceiling fan. Mechanical and utility features include a 100,000 BTU furnace and a 10-gallon electric water heater. Floor drains are included, and each unit has a private bathroom.
Utilities are individually metered with gas and electric, and the unit includes 100-amp electrical service. Buyer and buyer's agent should verify all information.
The unit is fully insulated with closed-cell spray foam and includes LED lighting and an industrial ceiling fan. Mechanical and utility features include a 100,000 BTU furnace and a 10-gallon electric water heater. Floor drains are included, and each unit has a private bathroom.
Utilities are individually metered with gas and electric, and the unit includes 100-amp electrical service. Buyer and buyer's agent should verify all information.
Key Highlights
- Spacious 1,800 sq. ft. unit with 15' x 24' mezzanine
- High 21' ceilings with 10'6'' clearance under the mezzanine
- 16' x 16' overhead door with automatic opener
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 Off Market Nearby
- T&K Custom Catering LLC, — 1413 Winchester Dr, Muskegon, MI 49441
FAQs
What type of property is this?
Flex space - Insulated industrial unit with a 16' x 16' overhead door, private bathroom, and 15' x 24' mezzanine.
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: Spacious 1,800 sq. ft. unit with 15' x 24' mezzanine; High 21' ceilings with 10'6'' clearance under the mezzanine; 16' x 16' overhead door with automatic opener
