Class A Office
5797 Harvey Street, Muskegon, MI 49444
Two-story office building in a desirable commercial corridor.
Type:Commercial/Industrial
Property size:
19,108 SFLot size:
2.00 AcresPrice / SF:
$130/SF- Added:
- Mar 12, 2026
- Days on Market:
- 72
- Last Refresh:
- Apr 6 at 2:53 am
Property Features for 5797 Harvey Street
General Information
- Standard status
- Active
- Size
- 19,108 SF
- Lot size
- 2.00 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2005
Listing agent Bryan D Bench License #6501293444
Listing office Core Realty Partners LLC (231) 375-5273
Listing date Mar 12, 2026
Source Exitrealty
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 Core Realty Partners LLC
HighLights
- High‑traffic location in the Harvey Street corridor with proximity to national tenants.
- Class A professional office building with existing tenants and a Choice One Bank leaseback.
- Investment opportunity with approximately 5,000 SF of vacant lease space for potential upside.
- Signalized hard corner parcel at the intersection of Harvey and Mt. Garfield Road.
- Two‑story building with 19,000+\/- SF situated on a 2‑acre parcel.
- Developed in 2005, relatively modern construction.
Overview
This Class A professional office building is located in Norton Shores, within the Harvey Street corridor. Developed in 2005, the two-story building has a size of 19,000+/- square feet and is situated on a 2-acre parcel at the signalized hard corner of Harvey and Mt. Garfield Road. The building is currently occupied by three lease tenants and a Choice One Bank retail branch. The main level is fully occupied, while the upper floor has approximately 5,000 square feet of vacant lease space available. Choice One Bank will execute a leaseback of their current space. The surrounding commercial corridor includes national tenants such as Chik Fil A, Arby's, Buffalo Wild Wings, Kohl's, Starbucks, Subway, Menards, Target, and Meijer.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.34M
NOI $210,501 @ 9.00% cap · cautious / downside scenario
Moderate
$3.01M
NOI $210,501 @ 7.00% cap · market / base-case scenario
Aggressive
$4.21M
NOI $210,501 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $325.6k | $17.04 |
| − Vacancy | −$44.9k | −$2.35 |
| EGI | $280.7k | $14.69 |
| − OpEx | −$70.2k | −$3.67 |
| NOI | $210.5k | $11.02 |
19,108 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.01M
$2.63M – $3.51M
NOI $210,501 @ 7.0% cap · market cap 8.42%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$179.44M
$157.01M – $209.35M
NOI $12,561,071 @ 7.0% cap · market cap 502.44%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.2066
- Latitude
- 43.1474
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office building in a desirable commercial corridor.
Where is this office building located?
The property is located at 5797 Harvey Street Muskegon, MI.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: High‑traffic location in the Harvey Street corridor with proximity to national tenants.; Class A professional office building with existing tenants and a Choice One Bank leaseback.; Investment opportunity with approximately 5,000 SF of vacant lease space for potential upside.
