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    2240 Glade Street Muskegon Heights, MI 49444

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    Claim this Listing
    For Sale
    $629,900

    COMMERCIAL - Muskegon Heights, MI

    Property size:
    9,000 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $69/SF
    Added:
    Oct 1, 2025
    Days on Market:
    219
    Last Refresh:
    May 7 at 2:06 pm

    Property Features for 2240 Glade Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 3, Bathroom 1
    Standard status
    Active
    APN
    61-26-185-082-0010-00
    Size
    9,000 SF
    Lot size
    0.92 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    HT0783 BLK 82 LOTS 10 TO 15 INC TOGETHER WITH VACATED N&S ALLEY RUNNING BETWEEN SD LOTS.
    Tax Annual Amount
    11373

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1965
    Floors in Building
    1
    Number of units
    2
    Building materials
    Aluminum Siding, Block

    We can help!

    Listing Contact
    William E Carlston

    Listing agent William E Carlston License #6506021186

    Listing office Greenridge - Nexes 880 W Broadway Ave, Muskegon, MI

    Listing date Oct 1, 2025

    MLS# 25050548

    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 from Seaway Drive and close to downtown.
    • Two suites offer flexible business use: Suite A (1,920 sq ft remodeled in 2022 with modern finishes and full climate control) and Suite B (7,080 sq ft with 3‑phase 440 power).
    • Suite B features 3‑phase 440 power and a separate electrical meter, suitable for light industrial or warehouse use.
    • Suite A was completely remodeled in 2022.
    • Partial new roof section with durable metal and tin.
    • Full climate control (heating and air conditioning) in Suite A.

    Overview

    Remodeled Commercial Property with Suites

    This commercial property offers two suites, providing flexibility for various business applications. Suite A, totaling 1,920 square feet, was fully remodeled in 2022 and includes modern finishes and full climate control with both heating and air conditioning. Suite B provides 7,080 square feet of space, equipped with 3-phase 440 power, a separate electrical meter, and partial central air, making it suitable for light industrial, warehouse, or large-scale operational use. A section of the roof has been updated with durable metal and tin. The property is located across from Seaway Drive, offering high traffic flow, and is near the downtown area. Situated on a 0.92-acre lot, the property is intended for commercial use. The total property size is 9,000 square feet. This property is located in Muskegon Heights, Michigan.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Similar Places Nearby

    • Project Garage — 143 W Sherman Blvd Suite 2, Muskegon Heights, MI 49444
    • Prestige Storage - Norton Shores — 3535 Park St STE 104, Norton Shores, MI 49444
    • Triple R Storage — 3108 Sheffield St, Norton Shores, MI 49441
    • Self Storage Secure — 800 W Norton Ave, Muskegon, MI 49441
    • Lakeside Warehouse Storage — Temple St, Muskegon Heights, MI 49444

    Map

    City
    Muskegon Heights
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1901
    Latitude
    43.1832

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    FAQs

    What type of property is this?
    Warehouse - Commercial property featuring remodeled suites, suitable for diverse business needs.
    Where is this warehouse located?
    The property is located at 2240 Glade Street Muskegon Heights, MI.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: High‑traffic location across from Seaway Drive and close to downtown.; Two suites offer flexible business use: Suite A (1,920 sq ft remodeled in 2022 with modern finishes and full climate control) and Suite B (7,080 sq ft with 3‑phase 440 power).; Suite B features 3‑phase 440 power and a separate electrical meter, suitable for light industrial or warehouse use.
    (231) 739-3501
    We can help!
    Listing Contact
    William E Carlston
    Real Estate License ID: 6506021186
    Learn More
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    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.

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