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Waterfront Office Units
For Lease
$11.50 SF/Yr

700 Terrace Point Drive, Muskegon, MI 49440

Class A office building offers flexible suite sizes, collaborative amenities, and lake views near downtown Muskegon.

Space SizeContact for details
Days on Market4770

Property Features for 700 Terrace Point Drive

General Information

Standard status Active
Class A
Total Parking Spaces 196
Elevators Yes
Property subtype Office
Zoning B-2
Lease Type NNN

Additional Details

Public Transit Yes

Amenities

fitness center
covered parking
UPS Drop Box
public transportation access
waterfront balcony
landscaped grounds
redundant fiber optics
access control
zoned HVAC
Power
Water
Sewer
Natural Gas
196 Parking Spaces

Building Details

Year Built 1989
Stories 4
Tenancy Multi

Spaces For Lease

at 700 Terrace Point Drive Contact us

Available Space $17.25/Mo

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Available Space $15/Mo

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Available Space $11.50/Mo

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Listing Agency: The Hinman Company - Grand Rapids
Listed By: Kirk Driesenga · License #6501338211
Source: Carwm.resimplifi
Added: Sep 28, 2013 Changed: Oct 7 Last Checked: Oct 19 at 3:20AM

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 The Hinman Company - Grand Rapids

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Investment Insights

Based on property information with market context.

Terrace Point is a 4-story, Class A office property with a multi-tenant configuration and suites ranging from small offices to larger blocks. The building provides efficient floorplates organized around a central core, light-filled work areas, redundant fiber optics, access control, and zoned HVAC. A two-story lobby, custom-finished elevator, landscaped entries, fitness center, covered parking, and a waterfront balcony support daily operations and shared workplace needs. Office interiors can be adapted through in-house construction and design services.

The property occupies a waterfront setting on Muskegon Lake at 700 Terrace Point Drive in Muskegon, Michigan. It is positioned just north of Downtown Muskegon and is near retail, residential, entertainment, and office amenities. Public transportation is accessible, with the Muskegon Area Transit System Terminal a 10 minute walk away. The property is zoned B-2 and was built in 1989.

Key Highlights

  • 4‑story Class A multi‑tenant office building
  • Office suites from small spaces to large blocks
  • Efficient floorplates with central core planning

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Dental Office Auto Parts Store Furniture & Home Goods Grocery & Convenience Store Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$1.72 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,329
Businesses Nearby

Demographics for 49440, MI

1,320
Population
860
Households
1.5
Avg Household Size
44
Median Age
36%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
2,200
Density / Sq Mi
$42,500
Median Household Income
$37,067
Median Earnings
$791
Median Rent
$163,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Muskegon, MI

$20.39 /SF/Yr
Avg Asking Price
$11–$76 /SF/Yr
Price Range
17,215 SF
Avg Space Size

This space is priced 44% below the average of $20.39 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Class A office building offers flexible suite sizes, collaborative amenities, and lake views near downtown Muskegon.
Where is this office unit located?
The property is located at 700 Terrace Point Drive Muskegon, MI.
What is the lease rate?
The lease rate is $11.50 SF/Yr.
What are key features of this property?
This property features: 4‑story Class A multi‑tenant office building; Office suites from small spaces to large blocks; Efficient floorplates with central core planning
More about this property
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