Heated Garage Flex
1984 Jefferson Street, Muskegon, MI 49441
For Sale
$199,900
Commercial Sale, Muskegon, MI
Property Size1,160 SF
Lot Size0.29 Acres
Price / SF$172.33
Days on Market216
Property Features for 1984 Jefferson Street
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Amenities
lobby
private office
full bathroom with shower
heated garage
Building Details
Year built
Number of units
Building materials
Roof type
Listing Agency:
Five Star Real Estate GH
(616) 414-9192
Listed By:
Mark D Vriesman
(616) 502-4541
Added: Apr 6
Changed: Oct 30
Last Checked: Nov 7 at 11:06PM
MLS# 26013747
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,160-square-foot commercial property occupies 0.29 acres at 1984 Jefferson Street in Muskegon. Built in 2021, the building has metal siding, a composition roof, central air, forced-air heating, and a space heater. Interior improvements include a lobby, private office, full bathroom with shower, and a 20-by-30-foot heated garage with a 10-by-10-foot overhead door.
The property was originally designed for cannabis distribution and is positioned within Muskegon's marijuana corridor. The existing configuration also supports the uses identified for the space, including auto detailing, light manufacturing, machine shop operations, warehousing, storage, and a private toy barn. Broadband and cable availability are listed among the property utilities and services.
The property was originally designed for cannabis distribution and is positioned within Muskegon's marijuana corridor. The existing configuration also supports the uses identified for the space, including auto detailing, light manufacturing, machine shop operations, warehousing, storage, and a private toy barn. Broadband and cable availability are listed among the property utilities and services.
Key Highlights
- 1,160‑square‑foot building on 0.29 acres
- Built in 2021 with metal siding and a composition roof
- 20‑by‑30‑foot heated garage with a 10‑by‑10‑foot overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,511
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,220
$270.2K
Cap Rate 7%
$193,014
$193.0K
Cap Rate 9%
$150,122
$150.1K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$16.3K $14.04/SF
− Vacancy
−$391 −$0.34/SF
EGI
$15.9K $13.70/SF
− OpEx
−$2.4K −$2.06/SF
NOI
$13.5K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,220
Cap Rate 7%
$193,014
Cap Rate 9%
$150,122
Alternative Uses
Best Use
Warehouse
$193.0K
$168.9K – $225.2K
NOI $13,511 @ 7.0% cap · market cap 6.76%
Second Best
Industrial
$159.0K
$139.1K – $185.5K
NOI $11,127 @ 7.0% cap · market cap 5.57%
Theoretical Best
Hotel Hospitality
$10.89M
$9.53M – $12.71M
NOI $762,552 @ 7.0% cap · market cap 381.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
582
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
$194,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Muskegon, MI
Properties on Market for Flex space in Muskegon
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with lobby, private office, full bathroom, and heated garage access.
Where is this flex space located?
The property is located at 1984 Jefferson Street Muskegon, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1,160‑square‑foot building on 0.29 acres; Built in 2021 with metal siding and a composition roof; 20‑by‑30‑foot heated garage with a 10‑by‑10‑foot overhead door
