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    Ferrysburg Condo Warehouse For Sale Title is generated by Realmo AI

    305 2nd Street, Ferrysburg, MI 49409

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    For Sale
    $675,000

    COMMERCIAL - Ferrysburg, MI

    Property size:
    4,500 SF
    Price / SF:
    $150/SF
    Added:
    May 26, 2026
    Days on Market:
    2
    Last Refresh:
    May 27 at 10:06 pm

    Property Features for 305 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    70-03-16-340-012 +013 + 014
    Size
    4,500 SF

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    Unit #8, Unit #9 and Unit #10, Channel Side Storage Condominiums as amended in Ottawa County Register of Deeds Document
    Tax Annual Amount
    7985

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1974
    Floors in Building
    1
    Number of units
    3
    Building materials
    Metal Siding

    We can help!

    Listing Contact
    David Ten Cate

    Listing agent David Ten Cate License #6502325769

    Listing office Capstone Real Estate LLC PO Box 261, Grand Haven, MI

    Listing date May 26, 2026

    MLS# 26024792

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 4,500 SF condo warehouse with 20' ceilings, ideal for storage or business.
    • Excellent location between Grand Haven, Spring Lake, and Muskegon.
    • Leased through October 31, 2026, providing immediate income.
    • Three 16'x16' overhead doors with openers and three service doors for easy access.
    • Concrete floors with three floor drains and LED lighting.
    • Includes one restroom and roughed‑in plumbing for two additional restrooms.

    Overview

    This 4,500 SF condo warehouse is located in Ferrysburg, Michigan, and is part of the Channel Side Storage Condominiums. The property is situated between Grand Haven, Spring Lake, and Muskegon. It comprises three contiguous 1,500 SF units without interior demising walls. Access is provided by three 16'x16' overhead doors with openers and three service doors. The interior features 20' ceilings, concrete floors with three floor drains, LED lighting, two ceiling-hung unit heaters, and one restroom. There is also roughed-in plumbing for two additional restrooms. The site includes asphalt parking areas and concrete approaches. The space is leased through October 31, 2026.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mitten Mobile Detailing ... Car Wash Roof Cleaning 101 Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Keenan Marina — 526 Pine St, Spring Lake, MI 49456
    • SkipperBud's — 11 Harbor Island Dr, Grand Haven, MI 49417

    Location Insight

    • Map
    • Local Demand
    City
    Ferrysburg
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.217567
    Latitude
    43.078267

    Nearby Similar for Sale

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    • $439,900
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      Remodeled Building in Ferrysburg

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    FAQs

    What type of property is this?
    Warehouse - 4,500 SF condo warehouse in Ferrysburg, MI for sale.
    Where is this warehouse located?
    The property is located at 305 2nd Street Ferrysburg, MI.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Large 4,500 SF condo warehouse with 20' ceilings, ideal for storage or business.; Excellent location between Grand Haven, Spring Lake, and Muskegon.; Leased through October 31, 2026, providing immediate income.
    (616) 847-1031
    We can help!
    Listing Contact
    David Ten Cate
    Real Estate License ID: 6502325769
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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