Heavy Industrial Manufacturing
For Sale
Contact for pricing
1985 E Laketon Ave, Muskegon, MI 49442
Large industrial facility with finished office space and established manufacturing infrastructure.
Property Size65,000 SF
Days on Market175
Property Features for 1985 E Laketon Ave
General Information
Standard status
Active
Size
65,000 SF
Property subtype
Industrial
Zoning
I-2
Lease Type
NNN
Additional Details
Highway Access
Yes
Office Build-Out
10,000 SF
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1940
Buildings
1
Tenancy
Single Tenant
Building Size
65,000 SF
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Stuart Kingma · License #6502368294
(616) 575-7022
Source:
Carwm.resimplifi
Added: May 5
Changed: Oct 25
Last Checked: Oct 24 at 1:27PM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
This manufacturing facility includes heavy industrial infrastructure and approximately 10,000 SF of finished office space. The building has undergone multiple additions since its original development and measures 300' x 290'. Its prior operations included die casting and plastic injection molding, providing context for the industrial improvements in place.
Located within Port City Industrial Park in Muskegon, the property offers access to US-31 through the Laketon interchange. The industrial park includes GE Aviation and ADAC Automotive, placing the facility among established manufacturing users. The building was originally developed in 1940.
Located within Port City Industrial Park in Muskegon, the property offers access to US-31 through the Laketon interchange. The industrial park includes GE Aviation and ADAC Automotive, placing the facility among established manufacturing users. The building was originally developed in 1940.
Key Highlights
- Approximately 10,000 SF of finished office space
- 300' x 290' building footprint
- Heavy industrial infrastructure supporting manufacturing operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$619,440
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,388,800
$12.4M
Cap Rate 7%
$8,849,143
$8.8M
Cap Rate 9%
$6,882,667
$6.9M
Market Conditions
NOI Build-Up for 64,578 SF
Gross rent
$906.7K $14.04/SF
− Vacancy
−$21.8K −$0.34/SF
EGI
$884.9K $13.70/SF
− OpEx
−$265.5K −$4.11/SF
NOI
$619.4K $9.59/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,388,800
Cap Rate 7%
$8,849,143
Cap Rate 9%
$6,882,667
Alternative Uses
Best Use
Office B
$10.16M
$8.89M – $11.86M
NOI $711,414 @ 7.0% cap · market cap 15,809,200.00%
Second Best
Industrial
$8.85M
$7.74M – $10.32M
NOI $619,440 @ 7.0% cap · market cap 13,765,333.33%
Theoretical Best
Hotel Hospitality
$606.45M
$530.65M – $707.53M
NOI $42,451,791 @ 7.0% cap · market cap 943,373,133.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Large industrial facility with finished office space and established manufacturing infrastructure.
Where is this manufacturing property located?
The property is located at 1985 E Laketon Ave Muskegon, MI.
What are key features of this property?
This property features: Approximately 10,000 SF of finished office space; 300' x 290' building footprint; Heavy industrial infrastructure supporting manufacturing operations
