Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Class A Corner Office Suite Title is generated by Realmo AI

    380 W Western Ave 302, Muskegon, MI 49440

    View on Map
    Claim this Listing
    New
    For Lease
    $13 SF/Yr $2,012/Mo (calc)

    Third-floor corner suite with lake views, featuring a reception area and five private offices for a professional setup.

    Type:Commercial
    Property size:
    1,858 SF
    Added:
    Jun 1, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 4:22 am

    Property Features for 380 W Western Ave 302

    General Information

    Standard status
    Active
    Size
    1,858 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2008

    We can help!

    Listing Contact
    Jamie Osterhart
    Jamie Osterhart

    Listing agent Jamie Osterhart

    Listing office Five Star Real Estate, LLC

    Listing date Jun 1, 2026

    Source Elliman

    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 Five Star Real Estate, LLC

    HighLights

    • Class A third‑floor corner suite in the Muskegon Chamber of Commerce Building, built in 2008
    • 1858 SF suite with Muskegon Lake views
    • Includes large main office, waiting/reception area, and 5 individual offices
    • Lease term offered: 36–120 months
    • Available January 1, 2027

    Overview

    This Class A corner office suite is located on the third floor of the Muskegon Chamber of Commerce Building and offers views of Muskegon Lake. The space totals 1,858 square feet and is laid out with a large main office area, a waiting area, and five individual offices, supporting both client-facing and private-work needs.

    Positioned in the center of Downtown Muskegon, the building is described as highly visible and easily accessible. The unit’s corner placement and lake views add a distinct advantage for day-to-day work and client visits. Lease start is stated as January 1, 2027, with lease terms ranging from 36 to 120 months.

    Designed for tenants who need a mix of open work space and dedicated private offices, this suite can accommodate teams seeking established office configuration without extensive reconfiguration. Its third-floor location within a downtown professional building may be well-suited for firms looking for a visible, walkable setting with access to nearby downtown amenities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2529819
    Latitude
    43.2358258

    Nearby Similar for Lease

    • $14 SF/Yr
      11,603 SF

      Two-Story Office Building Suites

      Well-maintained office suites in a two-story building, updated HVAC, and designed for professional office tenants.
      3587 Henry Street, Muskegon, MI 49441
      View Details
    • $15 SF/Yr
      11,603 SF

      Two-Story Office Building Suites

      Well-maintained professional office suites with updated HVAC, positioned along an established commercial corridor with strong visibility.
      3587 Henry Street, Muskegon, MI 49441
      View Details
    • $16 SF/Yr
      11,603 SF

      Two-Story Medical Office Suites

      Well-maintained office suites in a two-story building with updated HVAC, suited for medical or other professional users.
      3587 Henry Street, Muskegon, MI 49441
      View Details
    • $16 SF/Yr
      11,603 SF

      Two-Story Professional Office Suites

      Well-maintained office building with updated HVAC and a proven medical-friendly layout along a busy commercial corridor.
      3587 Henry Street, Muskegon, MI 49441
      View Details
    • $14 SF/Yr
      2,000 SF

      Versatile Commercial Space in Muskegon

      Adaptable office or retail spaces in a high-visibility location.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $14 SF/Yr
      1,500 SF

      Muskegon Commercial Space For Lease

      Flexible office or retail space in North Muskegon.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $17 SF/Yr
      1,326 SF

      Food Stall at Lumberman's Vault

      Premier food collective space for lease in Muskegon, Michigan.
      221 W Webster Avenue, Muskegon, MI 49440
      View Details
    • $13 SF/Yr
      3,000 SF

      Versatile Commercial Space in Muskegon

      Adaptable office or retail space in a high-visibility location.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $11 SF/Yr
      5,000 SF

      Muskegon Commercial Space For Lease

      Flexible office or retail space in North Muskegon.
      420 N Whitehall Road, Muskegon, MI 49445
      View Details
    • $13 SF/Yr
      1,858 SF

      Downtown Muskegon Office Space

      Class A office suite in downtown Muskegon available for rent.
      380 W Western Avenue, Muskegon, MI 49440
      View Details
    • $10 SF/Yr
      5,280 SF

      Two-Suite Office Building

      Move-in-ready two-suite office with optional single-tenant layout, ADA compliance, and updated exterior systems.
      3044 Glade Street, Muskegon, MI 49444
      View Details
    • $12 SF/Yr
      1,938 SF

      Retail Space in High-Visibility Shopping Center

      Join a well-established Park Place tenant mix with strong corridor exposure and recent exterior signage and façade upgrades.
      950 W Norton Avenue, Muskegon, MI 49441
      View Details

    FAQs

    What type of property is this?
    Office units - Third-floor corner suite with lake views, featuring a reception area and five private offices for a professional setup.
    Where is this office units located?
    The property is located at 380 W Western Ave 302 Muskegon, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Class A third‑floor corner suite in the Muskegon Chamber of Commerce Building, built in 2008; 1858 SF suite with Muskegon Lake views; Includes large main office, waiting/reception area, and 5 individual offices
    (231) 578-4203
    We can help!
    Listing Contact
    Jamie Osterhart
    Jamie Osterhart
    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
    380 W Western Ave 302, Muskegon, MI 49440
    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!