Heated Garage Flex
For Sale
$199,900
1984 Jefferson Street, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size1,160 SF
Lot Size0.29 Acres
Price / SF$172.33
Days on Market188
Property Features for 1984 Jefferson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
L-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
US-31 to Laketon exit, west to Jefferson, South to address
Standard status
Active
APN
24-232-004-0011-00
Size
1,160 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MUSKEGON DESC AS PARCEL C ON DEED 3734/785 DENNIS SMITH & COS SOUTH SIDE ADD LOTS 11 & 12 BLK 4 & W 1/2 VAC
Tax Annual Amount
3787
Legal Description
CITY OF MUSKEGON DESC AS PARCEL C ON DEED 3734/785 DENNIS SMITH & COS SOUTH SIDE ADD LOTS 11 & 12 BLK 4 & W 1/2 VAC
Utilities
Utilities
Cable Available
Heating system
Space Heater, Forced Air
Cooling system
Central Air
Amenities
lobby area
private office
full bathroom with shower
heated garage
Building Details
Year built
2021
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
Five Star Real Estate GH
(616) 414-9192
Listed By:
Mark D Vriesman
(616) 502-4541
Added: Apr 6
Changed: Oct 8
Last Checked: Oct 10 at 10:06AM
MLS# 26013747
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 1,160-square-foot commercial property occupies 0.29 acres at 1984 Jefferson Street in Muskegon. Built in 2021, the building has metal siding, a composition roof, central air, forced-air heating, and a space heater. Interior improvements include a lobby, private office, full bathroom with shower, and a 20-by-30-foot heated garage with a 10-by-10-foot overhead door.
The property was originally designed for cannabis distribution and is positioned within Muskegon's marijuana corridor. The existing configuration also supports the uses identified for the space, including auto detailing, light manufacturing, machine shop operations, warehousing, storage, and a private toy barn. Broadband and cable availability are listed among the property utilities and services.
The property was originally designed for cannabis distribution and is positioned within Muskegon's marijuana corridor. The existing configuration also supports the uses identified for the space, including auto detailing, light manufacturing, machine shop operations, warehousing, storage, and a private toy barn. Broadband and cable availability are listed among the property utilities and services.
Key Highlights
- 1,160‑square‑foot building on 0.29 acres
- Built in 2021 with metal siding and a composition roof
- 20‑by‑30‑foot heated garage with a 10‑by‑10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,511
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,220
$270.2K
Cap Rate 7%
$193,014
$193.0K
Cap Rate 9%
$150,122
$150.1K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$16.3K $14.04/SF
− Vacancy
−$391 −$0.34/SF
EGI
$15.9K $13.70/SF
− OpEx
−$2.4K −$2.06/SF
NOI
$13.5K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,220
Cap Rate 7%
$193,014
Cap Rate 9%
$150,122
Alternative Uses
Best Use
Warehouse
$193.0K
$168.9K – $225.2K
NOI $13,511 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$159.0K
$139.1K – $185.5K
NOI $11,127 @ 7.0% cap · market cap 5.57%
Theoretical Best
Hotel Hospitality
$10.89M
$9.53M – $12.71M
NOI $762,552 @ 7.0% cap · market cap 381.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with lobby, private office, full bathroom, and heated garage access.
Where is this flex space located?
The property is located at 1984 Jefferson Street Muskegon, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,160‑square‑foot building on 0.29 acres; Built in 2021 with metal siding and a composition roof; 20‑by‑30‑foot heated garage with a 10‑by‑10‑foot overhead door
