Downtown Muskegon Office
380 W Western Ave -Unit #1, Muskegon, MI 49440
Main-floor commercial/office condo in downtown Muskegon with open floor plan.
Type:Commercial
Property size:
2,335 SFPrice / SF:
$177/SF- Added:
- May 9, 2026
- Days on Market:
- 23
- Last Refresh:
- May 9 at 3:03 am
Property Features for 380 W Western Ave -Unit #1
General Information
- Standard status
- Active
- Size
- 2,335 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing agent David Ten Cate License #6502325769 (616) 847-1031
Listing office Capstone Real Estate LLC (616) 847-1031
Listing date May 9, 2026
Source Elliman
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 Capstone Real Estate LLC
HighLights
- Prime downtown Muskegon location in the Hines Building (Chamber of Commerce Building).
- 2,335 SF professional suite with an open floor plan, high ceilings, and large windows.
- Includes five private offices, conference room, reception area, kitchen, and two ADA restrooms.
- Highly visible and easily accessible for clients.
- Conveniently walkable to restaurants, shopping, and waterfront activities.
- Built in 2008.
Overview
This 2,335 square foot commercial/office condominium is located on the main floor of the Hines Building, also known as the Chamber of Commerce Building, in downtown Muskegon. The professional suite features an open floor plan with high ceilings and large windows. It includes five private offices, two centrally-located workstations, a conference room, a reception area, a kitchen, and two ADA-compliant restrooms. The property is located in a setting that provides client access, visibility, and walkability to restaurants, shopping, and waterfront activities. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 55, indicating it is somewhat walkable.
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 | $39.8k | $17.04 |
| − Vacancy | −$5.5k | −$2.35 |
| EGI | $34.3k | $14.69 |
| − OpEx | −$8.6k | −$3.67 |
| NOI | $25.7k | $11.02 |
2,335 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$367.5K
$321.5K – $428.7K
NOI $25,723 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$21.93M
$19.19M – $25.58M
NOI $1,534,964 @ 7.0% cap · market cap 369.87%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.2529819
- Latitude
- 43.2358258
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Main-floor commercial/office condo in downtown Muskegon with open floor plan.
Where is this office units located?
The property is located at 380 W Western Ave -Unit #1 Muskegon, MI.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Prime downtown Muskegon location in the Hines Building (Chamber of Commerce Building).; 2,335 SF professional suite with an open floor plan, high ceilings, and large windows.; Includes five private offices, conference room, reception area, kitchen, and two ADA restrooms.
