Single-Tenant Office Investment
992 Witham Road, Muskegon, MI 49445
COMMERCIAL - Muskegon, MI
Type:Office
Property size:
1,223 SFLot size:
2.90 AcresPrice / SF:
$143/SF- Added:
- Apr 14, 2026
- Days on Market:
- 47
- Last Refresh:
- May 30 at 11:06 pm
Property Features for 992 Witham Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 09-107-300-0001-00
- Size
- 1,223 SF
- Lot size
- 2.90 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Attached.
- Tax Annual Amount
- 2359
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2013
- Number of units
- 1
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Bryan D Bench License #6501293444 (231) 578-2508
Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI (231) 375-5273
Listing date Apr 14, 2026
MLS# 26015524
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
- Stable investment opportunity with a secure tenant (State Farm Insurance Agency).
- Approximately three years remaining on the initial lease term.
- Strategically located at the intersection of Witham and Dykstra, with strong accessibility.
- Immediate proximity to the Whitehall Road commercial corridor.
- Recent capital improvements, including a newly paved asphalt drive and parking lot.
- Functional layout with private offices, conference room, reception area, and kitchenette.
Overview
This well-maintained single-tenant office property presents a stable investment opportunity for both new and seasoned investors. The property is occupied by a State Farm Insurance Agency, providing secure tenancy with approximately three years remaining on the initial lease term. Located at the intersection of Witham and Dykstra, the property benefits from strong accessibility and immediate proximity to the Whitehall Road commercial corridor. The building, with a size of 1223 square feet, is efficiently designed with a functional layout that includes private offices, a conference room, a reception area, and a kitchenette. Recent capital improvements, including a newly paved asphalt drive and parking lot, enhance the property's curb appeal and long-term value. The property is situated on a 2.9-acre lot and includes PPN 10-007-0036-10 VL Parcel. It is located in Muskegon, Michigan.
Local Financial Insights For Office B
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 | $20.8k | $17.04 |
| − Vacancy | −$2.9k | −$2.35 |
| EGI | $18.0k | $14.69 |
| − OpEx | −$4.5k | −$3.67 |
| NOI | $13.5k | $11.02 |
1,223 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$192.5K
$168.4K – $224.6K
NOI $13,473 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.49M
$10.05M – $13.40M
NOI $803,966 @ 7.0% cap · market cap 459.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.260627
- Latitude
- 43.270388
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Well-maintained office property with stable tenant in prime location.
Where is this office building located?
The property is located at 992 Witham Road Muskegon, MI.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Stable investment opportunity with a secure tenant (State Farm Insurance Agency).; Approximately three years remaining on the initial lease term.; Strategically located at the intersection of Witham and Dykstra, with strong accessibility.
