Building Details

Year Built 1998

Tenancy Single Tenant

Listing Agency: NAI Wisinski of West Michigan

Listed By: Stuart Kingma · License #6502368294 Show Phone

Source: Carwm.resimplifi

Added: May 5 Changed: Oct 5 Last Checked: Oct 16 at 5:38AM

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Investment Insights

Based on property information with market context.

The property is a 24,849-square-foot industrial manufacturing facility built in 1998. Its configuration supports manufacturing, fabrication, warehousing, and distribution operations, while the exterior area accommodates parking, storage, or truck circulation. The site carries I-2 zoning.

Located at 2350 Black Creek Rd in Muskegon, the facility sits within the Port City Industrial corridor. Access to US-31 and Sherman Boulevard connects the property with Grand Rapids, Holland, and broader Midwest markets.

Key Highlights

• 24,849 SF industrial manufacturing facility
• Built in 1998 and zoned I‑2
• Configuration supports manufacturing, fabrication, warehousing, and distribution

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$238,355

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,767,100 $4.8M

Cap Rate 7%

$3,405,071 $3.4M

Cap Rate 9%

$2,648,389 $2.6M

What to ask about pricing

Market Conditions

NOI Build-Up for 24,849 SF

Gross rent

$348.9K $14.04/SF

− Vacancy

−$8.4K −$0.34/SF

EGI

$340.5K $13.70/SF

− OpEx

−$102.2K −$4.11/SF

NOI

$238.4K $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%

$4,767,100

Cap Rate 7%

$3,405,071

Cap Rate 9%

$2,648,389

Alternative Uses

Best Use

Warehouse

$4.13M

$3.62M – $4.82M (±1% cap)

NOI $289,431 @ 7.0% cap · market cap 6,224,322.58%

Second Best

Industrial

$3.41M

$2.98M – $3.97M (±1% cap)

NOI $238,355 @ 7.0% cap · market cap 5,125,913.98%

Theoretical Best

Hotel Hospitality

$233.36M

$204.19M – $272.25M (±1% cap)

NOI $16,335,045 @ 7.0% cap · market cap 351,291,290.32%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick Real Estate Agency Hair Salon Grocery & Convenience Store Plumbing Service Gym & Fitness Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

124

Businesses Nearby

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 Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - I-2-zoned facility with outdoor space for parking, storage, or truck circulation.

Where is this manufacturing property located?

The property is located at 2350 Black Creek Rd Muskegon, MI.

What are key features of this property?

This property features: 24,849 SF industrial manufacturing facility; Built in 1998 and zoned I‑2; Configuration supports manufacturing, fabrication, warehousing, and distribution