Standalone Office
For Sale
$209,000
1921 Ruddiman Drive, Muskegon, MI 49445
Commercial Sale, Muskegon, MI
Property Size1,200 SF
Lot Size0.20 Acres
Price / SF$174.17
Days on Market87
Property Features for 1921 Ruddiman Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
RPO
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bathroom 2, Bathroom 1
Elementary school district
North Muskegon
Middle school district
North Muskegon
High school district
North Muskegon
Standard status
Active
APN
23-585-005-0001-00
Size
1,200 SF
Lot size
0.20 Acres
Additional Details
Property Use
Office
Condition
Newly Renovated
Taxes and HOA fees
Tax Year
2025
Tax Description
NORTH MUSKEGON CITY TORRENT & ARMS ETC LOT 1 BLK 5.5681.89
Tax Annual Amount
5682
Legal Description
NORTH MUSKEGON CITY TORRENT & ARMS ETC LOT 1 BLK 5.5681.89
Utilities
Heating system
Forced Air
Building Details
Year built
1950
Number of units
1
Building materials
Vinyl Siding, Brick, Stone
Roof type
Composition
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License #6501293444
(231) 578-2508
Added: Aug 5
Changed: Oct 27
Last Checked: Oct 30 at 1:06AM
MLS# 26040683
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 standalone office building contains 1,200 square feet, with four private offices, a reception area, and a kitchen on the main floor. The main level has been renovated with modern finishes. A full basement provides storage space and includes a restroom. The building dates to 1950 and has vinyl siding, brick, and stone exterior materials, with forced-air heating.
Set on a 0.2-acre parcel near the four corners in North Muskegon, the property is close to the Whitehall Road commercial corridor. An asphalt parking lot provides on-site parking, and the grounds are landscaped.
Set on a 0.2-acre parcel near the four corners in North Muskegon, the property is close to the Whitehall Road commercial corridor. An asphalt parking lot provides on-site parking, and the grounds are landscaped.
Key Highlights
- 1,200‑square‑foot standalone office building
- Four private offices, reception area, and kitchen on the main floor
- Full basement with storage space and a restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,220
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,400
$264.4K
Cap Rate 7%
$188,857
$188.9K
Cap Rate 9%
$146,889
$146.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.4K $17.04/SF
− Vacancy
−$2.8K −$2.35/SF
EGI
$17.6K $14.69/SF
− OpEx
−$4.4K −$3.67/SF
NOI
$13.2K $11.02/SF
Area
Muskegon County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,400
Cap Rate 7%
$188,857
Cap Rate 9%
$146,889
Alternative Uses
Best Use
Office B
$188.9K
$165.3K – $220.3K
NOI $13,220 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.27M
$9.86M – $13.15M
NOI $788,847 @ 7.0% cap · market cap 377.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
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Business Placement
Demographics for 49445, MI
21,245
Population
9,109
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
348
Density / Sq Mi
$80,514
Median Household Income
$45,874
Median Earnings
$1,163
Median Rent
$209,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Four private offices, a reception area, and a kitchen create a functional layout for business operations.
Where is this office building located?
The property is located at 1921 Ruddiman Drive Muskegon, MI.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,200‑square‑foot standalone office building; Four private offices, reception area, and kitchen on the main floor; Full basement with storage space and a restroom
