Insulated Flex Unit With
For Sale
$225,000
1054 W Sherman Boulevard, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size1,800 SF
Price / SF$125
Days on Market565
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
6124036400001900
Size
1,800 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 2003 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 2003 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: Mar 26, 2025
Changed: Oct 8
Last Checked: Oct 11 at 4:06AM
MLS# 25012026
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 1,800-square-foot flex unit is under construction with a 24-by-60-foot footprint, a 15-by-24-foot mezzanine, and 21-foot ceilings. The space includes 10-foot-6-inch clearance beneath the mezzanine, a 16-by-16-foot overhead door with automatic opener, and a private bathroom. Closed-cell spray foam insulation, LED lighting, an industrial ceiling fan, and a 100,000 BTU forced-air furnace provide practical building infrastructure. A 10-gallon electric water heater and floor drains are also included.
The property is located at 1054 W Sherman Boulevard in Muskegon, Michigan. Gas and electric service are individually metered, with 100-amp electrical service allocated to the unit. Metal siding and a metal roof complete the durable construction package, while cable service is available.
The property is located at 1054 W Sherman Boulevard in Muskegon, Michigan. Gas and electric service are individually metered, with 100-amp electrical service allocated to the unit. Metal siding and a metal roof complete the durable construction package, while cable service is available.
Key Highlights
- 1,800‑square‑foot unit with a 24‑by‑60‑foot layout
- 15‑by‑24‑foot mezzanine with 10‑foot‑6‑inch clearance below
- 21‑foot ceilings and a 16‑by‑16‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,266
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
$345.3K
Cap Rate 7%
$246,657
$246.7K
Cap Rate 9%
$191,844
$191.8K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$25.3K $14.04/SF
− Vacancy
−$607 −$0.34/SF
EGI
$24.7K $13.70/SF
− OpEx
−$7.4K −$4.11/SF
NOI
$17.3K $9.59/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$345,320
Cap Rate 7%
$246,657
Cap Rate 9%
$191,844
Alternative Uses
Best Use
Warehouse
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 9.32%
Second Best
Industrial
$246.7K
$215.8K – $287.8K
NOI $17,266 @ 7.0% cap · market cap 7.67%
Theoretical Best
Hotel Hospitality
$16.90M
$14.79M – $19.72M
NOI $1,183,270 @ 7.0% cap · market cap 525.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
516
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
Check the figures for this property
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
- T&K Custom Catering LLC, — 1413 Winchester Dr, Muskegon, MI 49441
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction flex space offers overhead access, a private bathroom, and separately metered utilities.
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 $225,000.
What are key features of this property?
This property features: 1,800‑square‑foot unit with a 24‑by‑60‑foot layout; 15‑by‑24‑foot mezzanine with 10‑foot‑6‑inch clearance below; 21‑foot ceilings and a 16‑by‑16‑foot overhead door
