Flex Space with Shop
New
For Sale
$499,900
415 S Lake Street, Whitehall, MI 49461
Commercial Sale, Whitehall, MI
Property Size2,000 SF
Lot Size0.66 Acres
Price / SF$239.07
Days on Market2
Property Features for 415 S Lake Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Whitehall
Middle school district
Whitehall
High school district
Whitehall
Standard status
Active
APN
61-22-220-030-0004-00 & 61-22-220-030-0007-00
Size
2,091 SF
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
1932
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
Natural Gas Available
Heating system
Forced Air
Water source
Well
Water front features
Lake
Water front
1
Amenities
three-phase capability
natural gas
air compressor
air lines
sub-pump
electricity to back shed
furnace
Building Details
Year built
1950
Number of units
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 7:06AM
MLS# 26053966
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.
The offering includes two parcels: one improved with a block commercial building and one vacant. The 2,091-square-foot building dates to 1950 and has supported machine, fabrication, mechanical, and marine service work. Electrical conduit and wiring, three-phase capability, an air compressor with air lines, natural gas, and two suspended furnace units are among its features. A new furnace is included, along with a 2015 water heater. A sump pump serves the shop area, and electrical service extends to a rear shed. Some equipment remains with the property; the seller’s personal equipment and materials will be removed.
The property comprises approximately 0.66 acres in Whitehall. It is served by a well, and lake is listed among its waterfront features.
The property comprises approximately 0.66 acres in Whitehall. It is served by a well, and lake is listed among its waterfront features.
Key Highlights
- Two‑parcel offering with an improved building and separate vacant parcel
- 2,091‑square‑foot block building on approximately 0.66 acres
- Three‑phase capability, extensive wiring and conduit, and breakers throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,057
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,140
$401.1K
Cap Rate 7%
$286,529
$286.5K
Cap Rate 9%
$222,856
$222.9K
Market Conditions
NOI Build-Up for 2,091 SF
Gross rent
$29.4K $14.04/SF
− Vacancy
−$705 −$0.34/SF
EGI
$28.7K $13.70/SF
− OpEx
−$8.6K −$4.11/SF
NOI
$20.1K $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%
$401,140
Cap Rate 7%
$286,529
Cap Rate 9%
$222,856
Alternative Uses
Best Use
Industrial
$286.5K
$250.7K – $334.3K
NOI $20,057 @ 7.0% cap · market cap 4.01%
Second Best
Flex RnD
$129.0K
$112.8K – $150.5K
NOI $9,027 @ 7.0% cap · market cap 1.81%
Theoretical Best
Hotel Hospitality
$19.64M
$17.18M – $22.91M
NOI $1,374,566 @ 7.0% cap · market cap 274.97%
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
319
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Two parcels combine an equipped commercial building with separate vacant land for additional flexibility.
Where is this flex space 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‑parcel offering with an improved building and separate vacant parcel; 2,091‑square‑foot block building on approximately 0.66 acres; Three‑phase capability, extensive wiring and conduit, and breakers throughout
