Single-Tenant Office
For Sale
$174,900
992 Witham Road, Muskegon, MI 49445
Commercial Sale, Muskegon, MI
Property Size1,223 SF
Lot Size2.90 Acres
Price / SF$143.01
Days on Market176
Property Features for 992 Witham Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
C-2
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Elementary school district
Reeths-Puffer
Middle school district
Reeths-Puffer
High school district
Reeths-Puffer
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
Legal Description
Attached.
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 Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License #6501293444
(231) 578-2508
Added: Apr 14
Changed: Sep 7
Last Checked: Oct 6 at 6:06PM
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.
Investment Insights
Based on property information with market context.
Built in 2013, this 1,223-square-foot office building is configured for a single occupant and includes private offices, a conference room, reception area, kitchenette, and two bathrooms. Vinyl siding, a composition roof, forced-air heat, and central air complete the building systems. The property includes a 2.9-acre parcel and a newly paved asphalt drive and parking lot.
State Farm Insurance Agency occupies the building, with approximately three years remaining on the initial lease term. Located at 992 Witham Road in Muskegon, the property sits at the intersection of Witham and Dykstra near the Whitehall Road commercial corridor. Cable is available, and the parcel includes PPN 10-007-0036-10 VL Parcel.
State Farm Insurance Agency occupies the building, with approximately three years remaining on the initial lease term. Located at 992 Witham Road in Muskegon, the property sits at the intersection of Witham and Dykstra near the Whitehall Road commercial corridor. Cable is available, and the parcel includes PPN 10-007-0036-10 VL Parcel.
Key Highlights
- 1,223 square feet of office space on a 2.9‑acre parcel
- State Farm Insurance Agency occupancy with approximately three years remaining on the initial lease term
- Private offices, conference room, reception area, kitchenette, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,473
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,460
$269.5K
Cap Rate 7%
$192,471
$192.5K
Cap Rate 9%
$149,700
$149.7K
Market Conditions
NOI Build-Up for 1,223 SF
Gross rent
$20.8K $17.04/SF
− Vacancy
−$2.9K −$2.35/SF
EGI
$18.0K $14.69/SF
− OpEx
−$4.5K −$3.67/SF
NOI
$13.5K $11.02/SF
Area
Muskegon County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$269,460
Cap Rate 7%
$192,471
Cap Rate 9%
$149,700
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 authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
Explore this area
Business Placement
Demographics for 49445, MI
21,245
Population
9,109
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
348
Density / Sq Mi
$80,514
Median Household Income
$45,874
Median Earnings
$1,163
Median Rent
$209,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Office asset with private offices, conference space, reception, kitchenette, and central air conditioning.
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: 1,223 square feet of office space on a 2.9‑acre parcel; State Farm Insurance Agency occupancy with approximately three years remaining on the initial lease term; Private offices, conference room, reception area, kitchenette, and two bathrooms
