Finished Flex Space with Overhead
For Sale
$209,900
2695 Hein Rd Unit D-3, Muskegon, MI 49445
A finished steel unit offers three-phase power, heating and cooling, 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-3
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
full bath
fiber internet
association includes snow removal and common area upkeep
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 6:29AM
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 1,500-square-foot steel flex unit has a finished interior and measures 25 x 60 feet. The interior includes 6-inch concrete floors and 18-foot ceilings, with lighting and a ceiling fan. A 14 x 14-foot overhead door provides access to the unit.
Building systems include three-phase power, city water and sewer, and two mini-split systems for heating and cooling. The unit also has a full bathroom and fiber internet. It is located minutes from Highway 31. Association services include snow removal and upkeep of common areas.
Building systems include three-phase power, city water and sewer, and two mini-split systems for heating and cooling. The unit also has a full bathroom and fiber internet. It is located minutes from Highway 31. Association services include snow removal and upkeep of common areas.
Key Highlights
- 1,500‑square‑foot steel unit built in 2025
- 25 x 60‑foot unit with finished interior
- 6‑inch concrete floors and 18‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,388
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,760
$287.8K
Cap Rate 7%
$205,543
$205.5K
Cap Rate 9%
$159,867
$159.9K
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
−$6.2K −$4.11/SF
NOI
$14.4K $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%
$287,760
Cap Rate 7%
$205,543
Cap Rate 9%
$159,867
Alternative Uses
Best Use
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
Second Best
Flex RnD
$92.5K
$81.0K – $107.9K
NOI $6,476 @ 7.0% cap · market cap 3.09%
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
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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, heating and cooling, and a full bath for commercial use.
Where is this flex space located?
The property is located at 2695 Hein Rd Unit D-3 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‑square‑foot steel unit built in 2025; 25 x 60‑foot unit with finished interior; 6‑inch concrete floors and 18‑foot ceilings
