Industrial Storage Unit with
1054 W Sherman Boulevard #102 Muskegon, MI 49441
1054 W Sherman Boulevard #102, Muskegon, MI, 49441
$225,000
For Sale
$225,000
Functional 1,800 sq. ft. unit includes a mezzanine, high ceilings, an overhead door, and enclosed spray-foam insulation.
Property Size1,800 SF
Price / SF$125
Days on Market484
Property Features for 1054 W Sherman Boulevard #102
General Information
- Standard status
- Active
- Size
- 1,800 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
Sabudarealty
Added: Mar 26, 2025 Updated: Jul 21 at 8:50PM Checked: Jul 21 at 8:50PM
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 storage unit offers a 24' x 60' interior layout with an added 15' x 24' mezzanine. The space features 21' ceilings and 10'6" clearance under the mezzanine, along with a 16' x 16' overhead door with an automatic opener for straightforward drive-in access. Interior finishes include closed spray-foam insulation, LED lighting, and an industrial ceiling fan.
The unit is equipped for on-site utility needs with a 100,000 BTU furnace and a 10-gallon electric water heater. It also includes a private bathroom within the unit and floor drains for convenience and cleanliness. Electrical service is individually metered gas and electric, with 100-amp service per unit.
The property is presented as a secure, self-contained unit with dedicated utilities and a configuration designed to support storage and workspace use with the mezzanine providing additional flex space.
The unit is equipped for on-site utility needs with a 100,000 BTU furnace and a 10-gallon electric water heater. It also includes a private bathroom within the unit and floor drains for convenience and cleanliness. Electrical service is individually metered gas and electric, with 100-amp service per unit.
The property is presented as a secure, self-contained unit with dedicated utilities and a configuration designed to support storage and workspace use with the mezzanine providing additional flex space.
Key Highlights
- 2025‑built 1,800 SF industrial unit (24' x 60') with 15' x 24' mezzanine
- 21' ceilings plus 10'6'' clearance under the mezzanine
- 16' x 16' overhead door with automatic opener
Local Financial Insights For Self Storage
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 | $26.4k | $14.64 |
| − Vacancy | −$1.5k | −$0.82 |
| EGI | $24.9k | $13.82 |
| − OpEx | −$7.5k | −$4.15 |
| NOI | $17.4k | $9.67 |
1,800 SF · lease $14.64/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 9.32%
Second Best
Self Storage
$248.8K
$217.7K – $290.2K
NOI $17,413 @ 7.0% cap · market cap 7.74%
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 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 - Functional 1,800 sq. ft. unit includes a mezzanine, high ceilings, an overhead door, and enclosed spray-foam insulation.
Where is this self storage facility located?
The property is located at 1054 W Sherman Boulevard #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: 2025‑built 1,800 SF industrial unit (24' x 60') with 15' x 24' mezzanine; 21' ceilings plus 10'6'' clearance under the mezzanine; 16' x 16' overhead door with automatic opener
