Industrial Flex Storage
1054 W Sherman Boulevard #201 Muskegon, MI 49441
1054 W Sherman Boulevard #201, Muskegon, MI, 49441
$210,000
For Sale
$210,000
Industrial unit includes a private bathroom, 21' ceilings, and a 16' x 16' overhead door with automatic opener.
Property Size1,440 SF
Price / SF$145.83
Days on Market274
Property Features for 1054 W Sherman Boulevard #201
General Information
- Standard status
- Active
- Size
- 1,440 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
Greenridge - Nexes
(231) 578-0556
Listed by
Brock Edward Carlston · License #6501370180
(231) 578-0556
Source
Carolbollo
Added: Oct 21, 2025 Updated: Jul 15 at 2:06AM Checked: Jul 20 at 4:50AM
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
Investment Insights
Based on property information with market context.
This for-sale industrial flex storage unit offers a spacious interior with soaring 21' ceilings and a 16' x 16' overhead door with an automatic opener for convenient access. The space is fully insulated with closed spray foam and includes LED lighting and an industrial ceiling fan.
For day-to-day comfort and work readiness, the unit has a private bathroom, a 100,000 BTU furnace, and a 10-gallon electric water heater. Floor drains are also included for convenience and cleanliness. Electrical and utilities are handled on an individual basis, with individually metered gas and electric service and 100-amp electrical service per unit.
Located at 1054 W Sherman Boulevard #201 in Muskegon, Michigan, the unit is part of a storage/industrial property that can support equipment storage or small business needs. Buyer and buyer’s agent should verify all information.
For day-to-day comfort and work readiness, the unit has a private bathroom, a 100,000 BTU furnace, and a 10-gallon electric water heater. Floor drains are also included for convenience and cleanliness. Electrical and utilities are handled on an individual basis, with individually metered gas and electric service and 100-amp electrical service per unit.
Located at 1054 W Sherman Boulevard #201 in Muskegon, Michigan, the unit is part of a storage/industrial property that can support equipment storage or small business needs. Buyer and buyer’s agent should verify all information.
Key Highlights
- 1,440 sq. ft. industrial unit with 21' ceilings for flexible storage or workspace use
- 16' x 16' overhead door with automatic opener for convenient access
- Private bathroom plus LED lighting and an industrial ceiling fan
Local Financial Insights For Warehouse
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 | $20.2k | $14.04 |
| − Vacancy | −$485 | −$0.34 |
| EGI | $19.7k | $13.70 |
| − OpEx | −$3.0k | −$2.06 |
| NOI | $16.8k | $11.65 |
1,440 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$239.6K
$209.7K – $279.6K
NOI $16,773 @ 7.0% cap · market cap 7.99%
Second Best
Self Storage
$199.0K
$174.1K – $232.2K
NOI $13,931 @ 7.0% cap · market cap 6.63%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Industrial unit includes a private bathroom, 21' ceilings, and a 16' x 16' overhead door with automatic opener.
Where is this self storage facility located?
The property is located at 1054 W Sherman Boulevard #201 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 sq. ft. industrial unit with 21' ceilings for flexible storage or workspace use; 16' x 16' overhead door with automatic opener for convenient access; Private bathroom plus LED lighting and an industrial ceiling fan
