Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Retail Space in High-Traffic Area Title is generated by Realmo AI

    1848 E Sherman Boulevard, Muskegon, MI 49444

    View on Map
    Claim this Listing
    For Lease
    $17 SF/Yr $1,416/Mo (calc)

    COMMERCIAL - Muskegon, MI

    Type:Retail
    Property size:
    1,000 SF
    Lot size:
    3.43 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    46
    Last Refresh:
    May 31 at 1:06 am

    Property Features for 1848 E Sherman Boulevard

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Fireplace
    1
    Standard status
    Active
    APN
    6124134300001500
    Size
    1,000 SF
    Lot size
    3.43 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    lengthy on file

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Jamie Hughes
    Jamie Hughes

    Listing agent Jamie Hughes

    Listing office Stark Real Estate 3523 Heights Ravenna Rd, Muskegon, MI

    Listing date Apr 16, 2026

    MLS# 26015887

    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.

    HighLights

    • High‑traffic location across the street from Walmart, Sam's Club, and Lowe's.
    • Existing co‑tenancy with established businesses like Pizza Ranch, Subway, and Los Amigos.
    • Central Air Conditioning.
    • Forced Air Heating.
    • Fireplace.
    • Cable Available.

    Overview

    This commercial space is located in a high-traffic area of Sherman Boulevard in Muskegon, Michigan. The property is situated across the street from Walmart, Sam's Club, and Lowe's. The available space is 1,000 square feet. The lot size is 3.43 acres. Other businesses in the area include Pizza Ranch, Subway, and Los Amigos. The intended use of the property is for retail purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.198921
    Latitude
    43.206856

    Nearby Similar for Lease

    • $10 SF/Yr
      5,280 SF

      Move-in Ready Commercial Building

      High-visibility commercial building suitable for medical, retail, or professional office.
      3044 Glade Street, Muskegon, MI 49444
      View Details
    • $14 SF/Yr
      2,000 SF

      Versatile Commercial Space in Muskegon

      Adaptable office or retail spaces in a high-visibility location.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $14 SF/Yr
      1,500 SF

      Muskegon Commercial Space For Lease

      Flexible office or retail space in North Muskegon.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $17 SF/Yr
      1,326 SF

      Food Stall at Lumberman's Vault

      Premier food collective space for lease in Muskegon, Michigan.
      221 W Webster Avenue, Muskegon, MI 49440
      View Details
    • $13 SF/Yr
      3,000 SF

      Versatile Commercial Space in Muskegon

      Adaptable office or retail space in a high-visibility location.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $11 SF/Yr
      5,000 SF

      Muskegon Commercial Space For Lease

      Flexible office or retail space in North Muskegon.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $13 SF/Yr
      1,858 SF

      Downtown Muskegon Office Space

      Class A office suite in downtown Muskegon available for rent.
      380 W Western Avenue, Muskegon, MI 49440
      View Details
    • $3 SF/Yr
      10,980 SF

      Muskegon Commercial Building For Rent

      10,980 SF pre-engineered steel building awaiting finishing touches.
      3009 E Laketon Avenue, Muskegon, MI 49442
      View Details
    • $17 SF/Yr
      2,100 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic Muskegon location.
      1848 E Sherman Boulevard, Muskegon, MI 49444
      View Details
    • $1,300/Mo
      1,774 SF

      Muskegon Commercial Space For Lease

      Versatile commercial space ready for customization in Muskegon, Michigan.
      3101 S Getty Street, Muskegon, MI 49444
      View Details
    • $14 SF/Yr
      742 SF

      Class A Office Space Available

      Class A office space for lease in Muskegon, Michigan.
      5797 Harvey Street, Muskegon, MI 49444
      View Details
    • $14 SF/Yr
      4,492 SF

      Class A Office Space Available

      Modern office space for lease in Muskegon's Harvey Street corridor.
      5797 Harvey Street, Muskegon, MI 49444
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in a high-traffic commercial area.
    Where is this retail space located?
    The property is located at 1848 E Sherman Boulevard Muskegon, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location across the street from Walmart, Sam's Club, and Lowe's.; Existing co‑tenancy with established businesses like Pizza Ranch, Subway, and Los Amigos.; Central Air Conditioning.
    (231) 327-0255
    We can help!
    Listing Contact
    Jamie Hughes
    Jamie Hughes
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1848 E Sherman Boulevard, Muskegon, MI 49444
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!