Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Story Office Building with New HVAC Title is generated by Realmo AI

    3587 Henry Street, Muskegon, MI 49441

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    A two-story office building adaptable for medical or other professional uses, with recent HVAC improvements.

    Type:Office, Special Purpose
    Property size:
    11,603 SF
    Price / SF:
    $111/SF
    Added:
    Jun 2, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 2:14 am

    Property Features for 3587 Henry Street

    General Information

    Standard status
    Active
    Size
    11,603 SF
    Property subtype
    Office, Special Purpose

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Troy Wasserman
    Troy Wasserman

    Listing agent Troy Wasserman License #MI 6501349494

    Listing office Core Realty Partners LLC

    Listing date Jun 2, 2026

    Source Crexi

    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 Core Realty Partners LLC

    HighLights

    • Two‑story professional office building built in 2003
    • Previously used primarily for medical purposes, including physician and dental offices
    • Could be converted for other professional office uses
    • Recent improvements include a new or updated HVAC system
    • Located within the Henry Street corridor in Norton Shores

    Overview

    This two-story professional office building has been utilized primarily for medical purposes, including physician and dental practices, and may be converted for other professional office uses. The property offers an office-building configuration suited to patient-facing and administrative workflow, and recent improvements include the HVAC system.

    Located within the Henry Street corridor in Norton Shores, the surrounding mix includes national restaurant chains and professional office space, along with high-density residential nearby. A former Kmart property sits across Henry Street and has been redeveloped as a mixed-use project that includes a Mercy Health Partners facility.

    For buyers seeking an established office asset, this building provides a straightforward path for medical operators or professional firms looking for a turn-key starting point with updated HVAC. The existing physician and dental use history may support tenants that prefer clinical-style offices, while the layout can be repurposed for a broader range of office services.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Similar Places Nearby

    • Faith Animal Care — 854 W Norton Ave, Muskegon, MI 49441
    • Grace Animal Hospital — 3304 Glade St, Muskegon, MI 49444

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2641251
    Latitude
    43.1881659

    Nearby Similar for Sale

    • $1,295,000
      11,603 SF

      Two-Story Professional Office Building

      Two-story medical-oriented office building with recent HVAC improvements and flexible conversion potential for professional users.
      3587 Henry Street, Muskegon, MI 49441
      View Details
    • $599,900
      5,280 SF

      High-Visibility Two-Suite Office Building

      Move-in-ready office building with two suites and the ability to combine for a single-tenant professional or medical setup.
      3044 Glade Street, Muskegon, MI 49444
      View Details
    • $1,200,000
      6,522 SF

      Muskegon Downtown Investment Opportunity

      Prime location near Muskegon Lake, suitable for restaurant/bar.
      1208 8th Street, Muskegon, MI 49440
      View Details
    • $199,900
      2,800 SF

      Muskegon Commercial Property on 1.14 Acres

      1.14 acres in Fruitport Township, ready for your business.
      2115 E Sternberg Road, Muskegon, MI 49444
      View Details
    • $299,000
      4,800 SF

      Craftsman Office Building Near Downtown

      Charming office building with original architectural details and flexible layout.
      1181 Ransom Street, Muskegon, MI 49442
      View Details
    • $499,900
      5,800 SF

      Heated Shop Warehouse with Offices

      Recently updated heated warehouse with office space, 14' ceilings, 10' overhead door, and fenced outdoor storage area.
      3015 S Brooks Road, Muskegon, MI 49444
      View Details
    • $1,299,000
      14,985 SF

      Historic Landmark Building in Downtown Muskegon

      Restored Victorian building ideal for investment or owner-user opportunity.
      356 W Western Avenue, Muskegon, MI 49440
      View Details
    • $249,900
      2,512 SF

      Renovated Office Building in Muskegon

      Historic office building with modern updates and flexible floor plan.
      1715 Peck Street, Muskegon, MI 49441
      View Details
    • $399,000
      10,980 SF

      Pre-Engineered Steel Building Awaiting Completion

      10,980 SF building on 1.43 acres ready for customization.
      3009 E Laketon Avenue, Muskegon, MI 49442
      View Details
    • $319,900
      6,300 SF

      Versatile Commercial Space on M-46

      6,300 sq ft commercial space with development potential.
      3711 E Apple Avenue, Muskegon, MI 49442
      View Details
    • $174,900
      1,223 SF

      Single-Tenant Office Investment Opportunity

      Well-maintained office property with stable tenant in prime location.
      992 Witham Road, Muskegon, MI 49445
      View Details
    • $165,000
      5,120 SF

      Versatile Commercial Building on Apple Avenue

      Adaptable commercial building suitable for various business uses.
      3639 E Apple Avenue, Muskegon, MI 49442
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - A two-story office building adaptable for medical or other professional uses, with recent HVAC improvements.
    Where is this medical office space located?
    The property is located at 3587 Henry Street Muskegon, MI.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: Two‑story professional office building built in 2003; Previously used primarily for medical purposes, including physician and dental offices; Could be converted for other professional office uses
    (231) 578-2508 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Troy Wasserman
    Troy Wasserman
    Real Estate License ID: MI 6501349494
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3587 Henry Street, Muskegon, MI 49441
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!