Manufacturing Building with Shop
415 S Lake Street Unit V/L, Whitehall, MI 49461
For Sale
$474,900
A separate vacant parcel accompanies the equipped block building, providing additional land alongside the existing workspace.
Property Size2,000 SF
Lot Size0.66 Acres
Price / SF$237.45
Days on Market29
Property Features for 415 S Lake Street Unit V/L
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Utilities to Site
Three-Phase Power
Real Estate Included
Amenities
extensive electrical wiring and conduit
three-phase capability
breakers throughout
air compressor and air lines
natural gas
two hanging furnace units
brand-new furnace
2015 water heater
sub-pump for drainage
Building Details
Buildings
Building Size
Construction
Listing Agency:
HomeRealty, LLC
Listed By:
Gina J Vis · License #6501309291
(616) 502-0885
Source:
Smalleganrealestate
Added: Oct 9
Changed: Nov 6
Last Checked: Nov 6 at 9:36AM
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 HomeRealty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 415 S Lake Street, the manufacturing property includes a block building of approximately 2,000 sq. ft. and a separate vacant parcel. The building has extensive electrical wiring and conduit, three-phase capability, breakers, an air compressor with air lines, natural gas, and two suspended furnace units. A new furnace is included, and the water heater dates to 2015. A sub-pump beneath the shop supports drainage, while electrical service also reaches a rear shed.
Together, the land measures approximately .66 acres. Some equipment is included in the sale; the seller’s personal equipment and materials will be removed. The property has been used for machine work, fabrication, mechanical service, and marine detailing and maintenance.
Together, the land measures approximately .66 acres. Some equipment is included in the sale; the seller’s personal equipment and materials will be removed. The property has been used for machine work, fabrication, mechanical service, and marine detailing and maintenance.
Key Highlights
- Two parcels include an approximately 2,000 sq. ft. block building and vacant land
- Approximately .66 acres in total
- Three‑phase electrical capability, extensive wiring and conduit, and breakers throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,854
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,080
$517.1K
Cap Rate 7%
$369,343
$369.3K
Cap Rate 9%
$287,267
$287.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$37.9K $18.96/SF
− Vacancy
−$986 −$0.49/SF
EGI
$36.9K $18.47/SF
− OpEx
−$11.1K −$5.54/SF
NOI
$25.9K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,080
Cap Rate 7%
$369,343
Cap Rate 9%
$287,267
Alternative Uses
Best Use
Retail
$369.3K
$323.2K – $430.9K
NOI $25,854 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$274.1K
$239.8K – $319.7K
NOI $19,184 @ 7.0% cap · market cap 4.04%
Theoretical Best
Hotel Hospitality
$18.78M
$16.43M – $21.91M
NOI $1,314,745 @ 7.0% cap · market cap 276.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
319
Businesses Nearby
Explore this area
Business Placement
Demographics for 49461, MI
9,295
Population
4,220
Households
2.2
Avg Household Size
47
Median Age
30%
College-Educated
97%
High-School Grad
43.2 sq mi
ZIP Area
215
Density / Sq Mi
$80,495
Median Household Income
$42,249
Median Earnings
$874
Median Rent
$245,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - A separate vacant parcel accompanies the equipped block building, providing additional land alongside the existing workspace.
Where is this manufacturing property located?
The property is located at 415 S Lake Street Unit V/L Whitehall, MI.
What is the asking price?
The asking price for this property is $474,900.
What are key features of this property?
This property features: Two parcels include an approximately 2,000 sq. ft. block building and vacant land; Approximately .66 acres in total; Three‑phase electrical capability, extensive wiring and conduit, and breakers throughout
