Steel Flex Warehouse
2695 Hein Road #C-5 Muskegon, MI 49445
For Sale
$209,900
Fully finished steel unit with 18' ceilings, an overhead door, and a full bath, served by city utilities and 3-phase power.
Property Size1,500 SF
Price / SF$139.93
Days on Market73
Property Features for 2695 Hein Road #C-5
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Building Details
Year Built
2025
Listing Agency:
RE/MAX Lakeshore
(616) 638-3900
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Sabudarealty
Added: May 19
Changed: Jul 22
Last Checked: Jul 29 at 1:30PM
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 RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
This well-kept steel flex warehouse unit offers a fully finished interior designed for practical day-to-day use. The space includes 6-inch concrete floors, 18-foot ceilings with lighting and a ceiling fan, and a 14 x 14 overhead door for straightforward loading and access. A full bath is included, along with 3-phase power, city water and sewer, and two mini-split systems for heating and cooling.
Additional amenities include fast fiber internet and association maintenance that includes snow removal and common area upkeep. The unit is located just minutes from Highway 31, providing convenient regional access.
For an end user or operator seeking a versatile, move-in-ready setup, the configuration supports both storage and office-style functionality within a clean, professionally maintained association.
Additional amenities include fast fiber internet and association maintenance that includes snow removal and common area upkeep. The unit is located just minutes from Highway 31, providing convenient regional access.
For an end user or operator seeking a versatile, move-in-ready setup, the configuration supports both storage and office-style functionality within a clean, professionally maintained association.
Key Highlights
- 25' x 60' fully finished steel unit built in 2025 with an interior full bath
- 18' ceilings with lighting and ceiling fan, plus 6'' concrete floors for durability
- 14' x 14' overhead door for easy access
Financial Insights For Warehouse
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 | $21.1k | $14.04 |
| − Vacancy | −$505 | −$0.34 |
| EGI | $20.6k | $13.70 |
| − OpEx | −$3.1k | −$2.06 |
| NOI | $17.5k | $11.65 |
1,500 SF · lease $14.04/SF/yr · vacancy 2.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$249.6K
$218.4K – $291.2K
NOI $17,471 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
Theoretical Best
Hotel Hospitality
$14.09M
$12.33M – $16.43M
NOI $986,059 @ 7.0% cap · market cap 469.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Fully finished steel unit with 18' ceilings, an overhead door, and a full bath, served by city utilities and 3-phase power.
Where is this flex space located?
The property is located at 2695 Hein Road #C-5 Muskegon, MI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 25' x 60' fully finished steel unit built in 2025 with an interior full bath; 18' ceilings with lighting and ceiling fan, plus 6'' concrete floors for durability; 14' x 14' overhead door for easy access
