Auto Repair Facility with Two
2245 S Getty Street, Muskegon Heights, MI 49444
For Sale
$349,000
The Muskegon Heights property includes secured parking on an approximately half-acre site.
Property Size3,054 SF
Lot Size0.50 Acres
Price / SF$114.28
Days on Market39
Property Features for 2245 S Getty Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Automotive Uses
Building Details
Year Built
Buildings
Listing Agency:
Five Star Real Estate
Listed By:
Lisa Vela · License #6501353445
(231) 733-3080
Source:
Smalleganrealestate
Added: Sep 29
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 Five Star Real Estate
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 auto repair property in Muskegon Heights comprises two buildings totaling 3,054 square feet. The facility dates to 1965 and sits on approximately half an acre. The automotive repair business has a history spanning more than 40 years. Secured parking is also part of the property.
Key Highlights
- Two buildings totaling 3,054 square feet
- Approximately half an acre
- Automotive repair business history of more than 40 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,294
Cap Rate
8.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,880
$585.9K
Cap Rate 7%
$418,486
$418.5K
Cap Rate 9%
$325,489
$325.5K
Market Conditions
NOI Build-Up for 3,054 SF
Gross rent
$42.9K $14.04/SF
− Vacancy
−$1.0K −$0.34/SF
EGI
$41.8K $13.70/SF
− OpEx
−$12.6K −$4.11/SF
NOI
$29.3K $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%
$585,880
Cap Rate 7%
$418,486
Cap Rate 9%
$325,489
Alternative Uses
Best Use
Retail
$564.0K
$493.5K – $658.0K
NOI $39,479 @ 7.0% cap · market cap 11.31%
Second Best
Industrial
$418.5K
$366.2K – $488.2K
NOI $29,294 @ 7.0% cap · market cap 8.39%
Theoretical Best
Hotel Hospitality
$28.68M
$25.10M – $33.46M
NOI $2,007,615 @ 7.0% cap · market cap 575.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Upholstery Barn — 3904 S Sheridan Dr, Muskegon, MI 49444
Frequently Asked Questions
What type of property is this?
Auto shop - The Muskegon Heights property includes secured parking on an approximately half-acre site.
Where is this auto shop located?
The property is located at 2245 S Getty Street Muskegon Heights, MI.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Two buildings totaling 3,054 square feet; Approximately half an acre; Automotive repair business history of more than 40 years
