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    Single-Tenant Office Investment Opportunity

    992 Witham Road Muskegon, MI 49445

    992 Witham Road, Muskegon, MI, 49445
    $174,900
    For Sale
    Claim this Listing
    $174,900

    COMMERCIAL - Muskegon, MI

    Property Size1,223 SF
    Lot Size2.90 Acres
    Price / SF$143.01
    AddedApr 14
    Days on Market93
    Last RefreshJul 15 at 12:06 am

    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 #6505385692

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

    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.

    Investment Insights

    Based on property information with market context.

    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.

    Key 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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $803,966 @ 7.0% cap · market cap 459.67%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Big Box & Wholesale Store Real Estate Agency Auto Parts Store Building Supply Restaurant Dental Office Skin Care Clinic Garden Center Auto Repair Shop HVAC Service

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

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    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.
    Contact an agent
    (231) 578-2508
    We can help!
    Contact an agent
    Bryan D Bench
    Bryan D Bench
    Real Estate License ID: 6505385692
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