Manufacturing Property with
New
For Sale
$499,900
415 S Lake Street, Whitehall, MI 49461
Land, Whitehall, MI
Property Size2,000 SF
Lot Size0.66 Acres
Price / SF$249.95
Days on Market2
Property Features for 415 S Lake Street
General Information
Property type
Land
Property subtype
Other
Elementary school district
Whitehall
Middle school district
Whitehall
High school district
Whitehall
Standard status
Active
APN
22-220-030-0007-00 and 61-22-220-030-0004-00
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
W-0542-543 CITY OF WHITEHALL LOTS 4 AND 9 BLK 30 and W-0546-547 CITY OF WHITEHALL LOTS 7 & 8 BLK 30
Tax Annual Amount
1931
Legal Description
W-0542-543 CITY OF WHITEHALL LOTS 4 AND 9 BLK 30 and W-0546-547 CITY OF WHITEHALL LOTS 7 & 8 BLK 30
Utilities
Utilities
Electricity Available
Water front features
Lake
Water front
1
Listing Agency:
HomeRealty, LLC
(616) 935-9000
Listed By:
Gina J Vis · License #6501309291
(616) 502-0885
Added: Oct 9
Last Checked: Oct 10 at 8:06PM
MLS# 26053965
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.
Investment Insights
Based on property information with market context.
This manufacturing property comprises two parcels: one improved with a block building and one vacant. The approximately 2,000-square-foot structure has supported machine shop, fabrication, mechanical repair, and marine service operations. Features include three-phase capability, extensive wiring and conduit, breakers, compressed-air lines, natural gas, two suspended furnaces, and a sump pump. A new furnace is included, along with a 2015 water heater. Electricity extends to a rear shed, and some equipment remains with the sale.
The combined land area is approximately 0.66 acres. The property is identified as having lake waterfront. Zoning, permitted uses, utilities, parcel boundaries, and access should be verified with the appropriate authorities.
The combined land area is approximately 0.66 acres. The property is identified as having lake waterfront. Zoning, permitted uses, utilities, parcel boundaries, and access should be verified with the appropriate authorities.
Key Highlights
- Two separate parcels, including one with a commercial building and one vacant parcel
- Approximately 2,000 sq. ft. block building
- Approximately .66 acres of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,184
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,680
$383.7K
Cap Rate 7%
$274,057
$274.1K
Cap Rate 9%
$213,156
$213.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.1K $14.04/SF
− Vacancy
−$674 −$0.34/SF
EGI
$27.4K $13.70/SF
− OpEx
−$8.2K −$4.11/SF
NOI
$19.2K $9.59/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,680
Cap Rate 7%
$274,057
Cap Rate 9%
$213,156
Alternative Uses
Best Use
Industrial
$274.1K
$239.8K – $319.7K
NOI $19,184 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$18.78M
$16.43M – $21.91M
NOI $1,314,745 @ 7.0% cap · market cap 263.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
316
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Two parcels combine a block structure with a separate vacant tract.
Where is this manufacturing property located?
The property is located at 415 S Lake Street Whitehall, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two separate parcels, including one with a commercial building and one vacant parcel; Approximately 2,000 sq. ft. block building; Approximately .66 acres of land
