Industrial Flex Building with Retail
2240 Glade Street Muskegon, MI 49444
New
For Sale
$599,000
COMMERCIAL - Muskegon, MI
Property Size9,000 SF
Lot Size0.92 Acres
Price / SF$66.56
Days on Market2
Property Features for 2240 Glade Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking
30
Standard status
Active
APN
26-185-082-0010-00
Size
9,000 SF
Lot size
0.92 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CITY OF MUSKEGON HEIGHTS, PLAT OF CITY OF MUSKEGON HEIGHTS BLK 82 LOTS 10 TO 15 INC TOGETHER WITH VACATED N&S ALLEY RUNN
Tax Annual Amount
11381
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding, Block
Listing Agency:
Capstone Real Estate LLC
(616) 847-1031
Listed By:
David Ten Cate · License #6502325769
(616) 847-1031
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 7:06PM
MLS# 26038865
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.
Investment Insights
Based on property information with market context.
The property is a 9,000 SF industrial flex building with two separate spaces. A 1,920 SF retail/office area was fully renovated in 2023 and includes modern finishes, exposed ductwork, large windows, two private offices, an ADA-compliant restroom, and heating and air conditioning. The remaining 7,080 SF warehouse is equipped with 3-phase/440-volt power, a dedicated electrical meter, partial central air, two offices, two restrooms, two truck bays, a 12-foot overhead door, and 18-foot ceilings, supporting light industrial, warehouse, or manufacturing use.
The building is positioned at a corner location with visibility along US-31/Seaway Drive, and it includes ample paved parking with 28 parking spaces plus two ADA-accessible spaces. Gas and electric are separately metered, which can support multi-tenant occupancy or subleasing.
Additional improvements include recently replaced portions of the roof with durable metal roofing.
The building is positioned at a corner location with visibility along US-31/Seaway Drive, and it includes ample paved parking with 28 parking spaces plus two ADA-accessible spaces. Gas and electric are separately metered, which can support multi-tenant occupancy or subleasing.
Additional improvements include recently replaced portions of the roof with durable metal roofing.
Key Highlights
- 9,000 SF industrial building with two separate spaces at the corner of Glade and Barney in Muskegon
- 1,920 SF renovated retail/office space (2023) with modern finishes, large windows, 2 private offices, ADA‑compliant restroom, and HVAC
- 7,080 SF warehouse with 3‑phase/440‑volt power, dedicated electrical meter, partial central air, 2 offices, 2 restrooms, and 2 truck bays
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.6k | $6.84 |
| − Vacancy | −$1.8k | −$0.20 |
| EGI | $59.8k | $6.64 |
| − OpEx | −$20.9k | −$2.32 |
| NOI | $38.9k | $4.32 |
9,000 SF · lease $6.84/SF/yr · vacancy 2.90% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.94M
NOI $116,342 @ 7.0% cap · market cap 19.42%
Second Best
Warehouse
$1.50M
$1.31M – $1.75M
NOI $104,828 @ 7.0% cap · market cap 17.50%
Theoretical Best
Hotel Hospitality
$84.52M
$73.95M – $98.61M
NOI $5,916,351 @ 7.0% cap · market cap 987.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Industrial building offers a renovated retail/office suite and a 7,080 SF warehouse with power, offices, truck bays, and 12-foot door.
Where is this flex space located?
The property is located at 2240 Glade Street Muskegon, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 9,000 SF industrial building with two separate spaces at the corner of Glade and Barney in Muskegon; 1,920 SF renovated retail/office space (2023) with modern finishes, large windows, 2 private offices, ADA‑compliant restroom, and HVAC; 7,080 SF warehouse with 3‑phase/440‑volt power, dedicated electrical meter, partial central air, 2 offices, 2 restrooms, and 2 truck bays
