Finished Flex Space with Overhead
For Sale
$209,900
2695 Hein Rd Unit D-1, Muskegon, MI 49445
A finished steel unit offers three-phase power, climate control, city utilities, and a full bath for commercial use.
Property Size1,500 SF
Price / SF$139.93
Days on Market241
Property Features for 2695 Hein Rd Unit D-1
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
fast fiber internet
Building Details
Year Built
2025
Construction
steel
Listing Agency:
RE/MAX Lakeshore
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Metrodetroithomeguide
Added: Feb 13
Changed: Oct 11
Last Checked: Oct 11 at 6:45AM
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.
Built in 2025, this finished steel flex unit measures 25 x 60 feet, totaling 1,500 SF. Its interior includes 6-inch concrete floors, 18-foot ceilings with lighting and a ceiling fan, a 14 x 14-foot overhead door, a full bath, and two mini-split systems. Three-phase power, city water and sewer, and fiber internet are also available.
The property is minutes from Highway 31. The association handles snow removal and upkeep of common areas.
The property is minutes from Highway 31. The association handles snow removal and upkeep of common areas.
Key Highlights
- 1,500 SF steel unit measuring 25 x 60 feet
- 14 x 14‑foot overhead door and 18‑foot ceilings
- 6‑inch concrete floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,471
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,420
$349.4K
Cap Rate 7%
$249,586
$249.6K
Cap Rate 9%
$194,122
$194.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.1K $14.04/SF
− Vacancy
−$505 −$0.34/SF
EGI
$20.6K $13.70/SF
− OpEx
−$3.1K −$2.06/SF
NOI
$17.5K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,420
Cap Rate 7%
$249,586
Cap Rate 9%
$194,122
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
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Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49445, MI
21,245
Population
9,109
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
348
Density / Sq Mi
$80,514
Median Household Income
$45,874
Median Earnings
$1,163
Median Rent
$209,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - A finished steel unit offers three-phase power, climate control, city utilities, and a full bath for commercial use.
Where is this flex space located?
The property is located at 2695 Hein Rd Unit D-1 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: 1,500 SF steel unit measuring 25 x 60 feet; 14 x 14‑foot overhead door and 18‑foot ceilings; 6‑inch concrete floors
