Steel Flex Warehouse
2695 Hein Road Unit SourceFi Muskegon, MI 49445
2695 Hein Road Unit SourceFi, Muskegon, MI, 49445
$209,900
For Sale
$209,900
Fully finished unit with 18' ceilings, 14x14 overhead door, 3-phase power, and city water/sewer.
Property Size1,500 SF
Price / SF$139.93
Days on Market63
Property Features for 2695 Hein Road Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2025
Listing Agency
RE/MAX Lakeshore
(616) 638-3900
Listed by
Sandi Gentry · License #6506045021
(616) 638-3900
Source
Xome
Added: May 17 Checked: Jul 18 at 3:10 am
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 immaculate steel flex/warehouse unit offers a fully finished interior supported by 6-inch concrete floors. The space features soaring 18-foot ceilings with lighting and a ceiling fan, plus a 14 x 14 overhead door for practical loading access. Operational amenities include a full bath, 3-phase power, city water and sewer, and two mini-split systems for heating and cooling.
Additional convenience is available with fast fiber internet. The professionally maintained association is $75 per month and covers snow removal and common area upkeep. Located just minutes from Highway 31, the clean, versatile configuration supports a range of business and workspace needs.
With its finished layout, high ceilings, and overhead door, this unit is well-suited for day-to-day operations that benefit from both usable warehouse space and comfortable interior improvements.
Additional convenience is available with fast fiber internet. The professionally maintained association is $75 per month and covers snow removal and common area upkeep. Located just minutes from Highway 31, the clean, versatile configuration supports a range of business and workspace needs.
With its finished layout, high ceilings, and overhead door, this unit is well-suited for day-to-day operations that benefit from both usable warehouse space and comfortable interior improvements.
Key Highlights
- 25 x 60 steel unit with a fully finished interior
- 18' ceilings with lights and a ceiling fan
- 14 x 14 overhead door
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully finished unit with 18' ceilings, 14x14 overhead door, 3-phase power, and city water/sewer.
Where is this flex space located?
The property is located at 2695 Hein Road Unit SourceFi 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 steel unit with a fully finished interior; 18' ceilings with lights and a ceiling fan; 14 x 14 overhead door
