Lakeside Flex
For Sale
$570,000
1812 Lakeshore Drive, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size9,690 SF
Lot Size0.22 Acres
Price / SF$58.82
Days on Market1656
Property Features for 1812 Lakeshore Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Form-Based Code
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
Lakeshore drive to Estes Stree
Subdivision
Muskegon County - M
Standard status
Active
APN
6124205596000100
Size
9,690 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2021
Tax Description
See attached description
Tax Annual Amount
3500
Legal Description
See attached description
Utilities
Utilities
Cable Available
Heating system
Space Heater
Building Details
Year built
1903
Floors in Building
1
Number of units
1
Listing Agency:
Coldwell Banker Woodland Schmidt Grand Haven
(616) 844-9000
Listed By:
Buffy Schichtel
(231) 855-7585
Added: Apr 21, 2022
Changed: Oct 8
Last Checked: Nov 1 at 11:06AM
MLS# 22013884
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 9,690-square-foot commercial property occupies 0.22 acres in Muskegon’s Lakeside district. Built in 1903, the building is currently used for warehouse and storage operations and includes broadband availability and space-heater heating. Its classification as flex space supports the existing commercial format while the property’s form-based code framework regulates development through physical building form rather than separating uses.
The site is located on Lakeshore Drive near the Lake Michigan Fast Ferry, Great Lakes Marina, Cross Lake Ferry, and Pere Marquette Beach. Lakeside also includes established entertainment and retail businesses. The property is within the City of Muskegon, providing a location-oriented setting for continued warehouse or storage use.
The site is located on Lakeshore Drive near the Lake Michigan Fast Ferry, Great Lakes Marina, Cross Lake Ferry, and Pere Marquette Beach. Lakeside also includes established entertainment and retail businesses. The property is within the City of Muskegon, providing a location-oriented setting for continued warehouse or storage use.
Key Highlights
- 9,690‑square‑foot commercial building
- 0.22‑acre site on Lakeshore Drive
- Current warehouse and storage occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,832
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,640
$836.6K
Cap Rate 7%
$597,600
$597.6K
Cap Rate 9%
$464,800
$464.8K
Market Conditions
NOI Build-Up for 9,690 SF
Gross rent
$66.3K $6.84/SF
− Vacancy
−$1.9K −$0.20/SF
EGI
$64.4K $6.64/SF
− OpEx
−$22.5K −$2.32/SF
NOI
$41.8K $4.32/SF
Area
Muskegon County, MI
Vacancy
2.90%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,640
Cap Rate 7%
$597,600
Cap Rate 9%
$464,800
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,865 @ 7.0% cap · market cap 19.80%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $92,948 @ 7.0% cap · market cap 16.31%
Theoretical Best
Hotel Hospitality
$91.00M
$79.62M – $106.17M
NOI $6,369,938 @ 7.0% cap · market cap 1,117.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
161
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Older commercial building currently configured for warehouse and storage use, with broadband and space-heater service.
Where is this flex space located?
The property is located at 1812 Lakeshore Drive Muskegon, MI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 9,690‑square‑foot commercial building; 0.22‑acre site on Lakeshore Drive; Current warehouse and storage occupancy
