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    Class A Office Space Available Title is generated by Realmo AI

    5797 Harvey Street, Muskegon, MI 49444

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    Claim this Listing
    For Lease
    $14 SF/Yr $5,240/Mo (calc)

    COMMERCIAL - Muskegon, MI

    Type:Office
    Property size:
    4,492 SF
    Lot size:
    2.00 Acres
    Added:
    Feb 2, 2026
    Days on Market:
    108
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 5797 Harvey Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Fireplace
    1
    Standard status
    Active
    APN
    27-121-400-0006-60
    Size
    4,492 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    CITY OF NORTON SHORES PART OF SE 1/4 SEC 21 T9N R16W DESC AS COM AT SE COR SD SEC 21 FOR POB TH N 88D 24M 59S W ALG S LN SD SEC 317.47 FT TH N 01D 35M 01S E A DIST OF 33 FT TO A PT OF INT WITH A NON-TANGENT CURVE SD CURVE HAVING A RAD OF 71.24 FT & A CTRL ANGLE OF 25D 40M 20S TH NWLY ALG ARC OF SD CURVE TO RT A DIST OF 31.92 FT SD ARC SUBTENDED BY A CHORD WHICH BEARS N 11D 11M 38S W A DIST OF 31.

    Utilities

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

    Building Details

    Year built
    2005
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Bryan D Bench
    Bryan D Bench

    Listing agent Bryan D Bench License #6501293444

    Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI

    Listing date Feb 2, 2026

    MLS# 26003810

    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

    • Class A office space available in the Choice One Bank building.
    • 5,234 SF available, potentially divisible for smaller users.
    • Modern building constructed in 2005.
    • Located on the busy Harvey Street corridor.
    • Existing tenants include Manpower and Lakeshore Employee Benefits.
    • Brick construction with central air and forced air heating.

    Overview

    Class A office space is available for lease within the Choice One Bank building on Harvey Street in Muskegon, MI. Constructed in 2005, this modern two-story building offers space on the second level. The available space is approximately 5,234 square feet, with the potential for it to be divided for a smaller user. Current tenants in the building include Choice One Bank, Manpower, and Lakeshore Employee Benefits. The property is situated within the busy Harvey Street corridor, near national food franchises and retail operators, as well as a mix of professional and medical offices and new residential developments. The building is located on a 2-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2066229
    Latitude
    43.1474426

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    FAQs

    What type of property is this?
    Office building - Modern office space for lease in Muskegon's Harvey Street corridor.
    Where is this office building located?
    The property is located at 5797 Harvey Street Muskegon, MI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Class A office space available in the Choice One Bank building.; **5,234 SF available**, potentially divisible for smaller users.; Modern building constructed in 2005.
    (231) 578-2508
    We can help!
    Listing Contact
    Bryan D Bench
    Bryan D Bench
    Real Estate License ID: 6501293444
    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.

    More about this property
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