Office Suite with Conference
3597 Henry Street 201B, Norton Shores, MI 49441
For Sale
Contact for pricing
Six enclosed offices are complemented by meeting space and an open work area.
Property Size2,899 SF
Price / SF$0.00
Days on Market29
Property Features for 3597 Henry Street 201B
General Information
Standard status
Size
Additional Details
Property Use
Listing Agency:
Berkshire Hathaway HomeServices Clyde Hendrick
Listed By:
Robert Hendrick · License #6502100473
(616) 842-5970
Source:
Jimdehaan
Added: Oct 11
Changed: Nov 6
Last Checked: Nov 6 at 1:48PM
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 Berkshire Hathaway HomeServices Clyde Hendrick
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Investment Insights
Based on property information with market context.
This 2,899-square-foot office suite at 3597 Henry Street, Suite 201B, includes six private offices and a large conference room. Open areas provide space for cubicles or collaborative workstations, while a kitchenette and break room round out the interior configuration.
Key Highlights
- 2,899‑square‑foot office suite at 3597 Henry Street, Suite 201B
- Six private offices
- Large conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,936
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,720
$638.7K
Cap Rate 7%
$456,229
$456.2K
Cap Rate 9%
$354,844
$354.8K
Market Conditions
NOI Build-Up for 2,899 SF
Gross rent
$49.4K $17.04/SF
− Vacancy
−$6.8K −$2.35/SF
EGI
$42.6K $14.69/SF
− OpEx
−$10.6K −$3.67/SF
NOI
$31.9K $11.02/SF
Area
Muskegon County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,720
Cap Rate 7%
$456,229
Cap Rate 9%
$354,844
Alternative Uses
Best Use
Office B
$456.2K
$399.2K – $532.3K
NOI $31,936 @ 7.0% cap · market cap 228,114.29%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$27.22M
$23.82M – $31.76M
NOI $1,905,722 @ 7.0% cap · market cap 13,612,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Muskegon County, MI
Properties on Market for Office Units in Muskegon County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Six enclosed offices are complemented by meeting space and an open work area.
Where is this office unit located?
The property is located at 3597 Henry Street 201B Norton Shores, MI.
What are key features of this property?
This property features: 2,899‑square‑foot office suite at 3597 Henry Street, Suite 201B; Six private offices; Large conference room
