Insulated Flex Space with
For Sale
$225,000
1054 W Sherman Boulevard Unit 102, Muskegon, MI 49441
Insulated commercial unit with mezzanine, overhead access, private bathroom, and separately metered utilities.
Property Size1,800 SF
Price / SF$125
Days on Market104
Property Features for 1054 W Sherman Boulevard Unit 102
General Information
Standard status
Active
Size
1,800 SF
Warehouse & Industrial
Clear Height
21 ft
Warehouse Space
1,800 SF
Mezzanine
360 SF
Drive-In Doors
1
Power
100 amps
Amenities
Private bathroom
LED lighting
Industrial ceiling fan
Floor drains
100,000 BTU furnace
10 gallon electric water heater
Automatic opener
Building Details
Year Built
2025
Listing Agency:
Greenridge - Nexes
Listed By:
Brock Edward Carlston, William E Carlston · License #6501370180
(231) 578-0556
Source:
Katie-k
Added: Jul 20
Changed: Oct 25
Last Checked: Oct 7 at 5:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenridge - Nexes
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1054 W Sherman Boulevard in Muskegon, this 1,800-square-foot flex unit provides a versatile industrial workspace with a 24' x 60' footprint. A 15' x 24' mezzanine adds elevated storage or office capacity, while the 21' ceilings and 10'6'' clearance beneath the mezzanine support varied equipment and storage needs.
The unit includes a 16' x 16' overhead door with automatic opener, closed spray-foam insulation, LED lighting, an industrial ceiling fan, and a private bathroom. A 100,000 BTU furnace, 10-gallon electric water heater, floor drains, and individually metered gas and electric service are also provided. Each unit has 100-amp electrical service, creating a practical setup for contractors, small businesses, hobbyists, or commercial storage.
The unit includes a 16' x 16' overhead door with automatic opener, closed spray-foam insulation, LED lighting, an industrial ceiling fan, and a private bathroom. A 100,000 BTU furnace, 10-gallon electric water heater, floor drains, and individually metered gas and electric service are also provided. Each unit has 100-amp electrical service, creating a practical setup for contractors, small businesses, hobbyists, or commercial storage.
Key Highlights
- 1,800 sq. ft. unit with a 24' x 60' layout
- 15' x 24' mezzanine with 10'6'' clearance below
- 21' ceilings throughout the unit
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
21 ft
Clear height
1
Drive-in doors
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
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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 - Insulated commercial unit with mezzanine, overhead access, private bathroom, and separately metered utilities.
Where is this flex space located?
The property is located at 1054 W Sherman Boulevard Unit 102 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 sq. ft. unit with a 24' x 60' layout; 15' x 24' mezzanine with 10'6'' clearance below; 21' ceilings throughout the unit
