Industrial Flex Space with High
For Sale
$210,000
1054 W Sherman Boulevard, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size1,440 SF
Price / SF$145.83
Days on Market356
Property Features for 1054 W Sherman Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning description
B-4
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
Sherman Blvd W to property
Subdivision
Muskegon County - M
Standard status
Active
APN
61-24-036-400-0019-00
Size
1,440 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 200 SEE ATTACHED
Tax Annual Amount
5300
Legal Description
PROPERTY EXEMPT FROM AD VALOREM TAXES AND ASSESSED ON THE SPECIAL ACT ROLL PURSUANT TO PA 261 OF 200 SEE ATTACHED
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
2025
Floors in Building
1
Number of units
1
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Greenridge - Nexes
(231) 739-3501
Listed By:
Brock Edward Carlston · License #6501370180
(231) 578-0556
Added: Oct 21, 2025
Changed: Oct 8
Last Checked: Oct 11 at 12:06AM
MLS# 25054179
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 1,440-square-foot flex unit is under construction and configured for commercial storage, workspace, or equipment use. The building features 21-foot ceilings, a 16 x 16-foot overhead door with automatic opener, private bathroom, floor drain, LED lighting, and an industrial ceiling fan. Closed-cell spray foam insulation supports the building envelope, while a 100,000 BTU forced-air furnace provides heat. A 10-gallon electric water heater and 100-amp electrical service are also included.
The unit has individually metered gas and electric service, offering separate utility measurement for the space. Metal siding and a metal roof provide durable exterior construction. Built in 2025, the property is located in Muskegon, Michigan, and includes cable availability.
The unit has individually metered gas and electric service, offering separate utility measurement for the space. Metal siding and a metal roof provide durable exterior construction. Built in 2025, the property is located in Muskegon, Michigan, and includes cable availability.
Key Highlights
- 1,440 square feet of industrial flex space
- 21‑foot ceilings for added vertical storage capacity
- 16 x 16‑foot overhead door with automatic opener
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,773
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,460
$335.5K
Cap Rate 7%
$239,614
$239.6K
Cap Rate 9%
$186,367
$186.4K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$20.2K $14.04/SF
− Vacancy
−$485 −$0.34/SF
EGI
$19.7K $13.70/SF
− OpEx
−$3.0K −$2.06/SF
NOI
$16.8K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,460
Cap Rate 7%
$239,614
Cap Rate 9%
$186,367
Alternative Uses
Best Use
Warehouse
$239.6K
$209.7K – $279.6K
NOI $16,773 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$197.3K
$172.7K – $230.2K
NOI $13,813 @ 7.0% cap · market cap 6.58%
Theoretical Best
Hotel Hospitality
$13.52M
$11.83M – $15.78M
NOI $946,616 @ 7.0% cap · market cap 450.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
21 ft
Clear height
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Firehouse Subs Henry St — 3194 Henry St, Norton Shores, MI 49441
- T&K Custom Catering LLC, — 1413 Winchester Dr, Muskegon, MI 49441
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial unit with secure access, private restroom, dedicated utilities, and insulated construction.
Where is this flex space located?
The property is located at 1054 W Sherman Boulevard Muskegon, MI.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,440 square feet of industrial flex space; 21‑foot ceilings for added vertical storage capacity; 16 x 16‑foot overhead door with automatic opener
