Two-Story Office
For Sale
Contact for pricing
5797 Harvey Street 2C, Muskegon, MI 49444
Second-level office area in a 2005 building may be configured for a smaller occupant.
Property Size5,234 SF
Price / SF$0.00
Days on Market69
Property Features for 5797 Harvey Street 2C
General Information
Standard status
Active
Size
5,234 SF
Class
Class A
Additional Details
Floor
2
Building Details
Year Built
2005
Stories
2
Tenancy
Multi
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License #6501293444
(231) 578-2508
Source:
Corneliusteam
Added: Aug 19
Changed: Oct 25
Last Checked: Oct 24 at 6:25PM
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
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Investment Insights
Based on property information with market context.
This two-story office property was constructed in 2005 and includes approximately 5,234 SF of space on the second level. The area may be divided to accommodate a smaller office user, offering flexibility within an established professional setting. Interior features are identified as “3,” while no exterior features are specified.
Choice One Bank, Manpower, and Lakeshore Employee Benefits are identified as current occupants. The property is located at 5797 Harvey Street in Muskegon, within a corridor that includes national food franchises, retail operators, professional and medical offices, and new residential development. A 36-120 month lease term is identified in the property information.
Choice One Bank, Manpower, and Lakeshore Employee Benefits are identified as current occupants. The property is located at 5797 Harvey Street in Muskegon, within a corridor that includes national food franchises, retail operators, professional and medical offices, and new residential development. A 36-120 month lease term is identified in the property information.
Key Highlights
- Approximately 5,234 SF of second‑level office space
- Space may be demised for a smaller user
- Two‑story building constructed in 2005
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,660
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,200
$1.2M
Cap Rate 7%
$823,714
$823.7K
Cap Rate 9%
$640,667
$640.7K
Market Conditions
NOI Build-Up for 5,234 SF
Gross rent
$89.2K $17.04/SF
− Vacancy
−$12.3K −$2.35/SF
EGI
$76.9K $14.69/SF
− OpEx
−$19.2K −$3.67/SF
NOI
$57.7K $11.02/SF
Area
Muskegon County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,153,200
Cap Rate 7%
$823,714
Cap Rate 9%
$640,667
Alternative Uses
Best Use
Office B
$823.7K
$720.8K – $961.0K
NOI $57,660 @ 7.0% cap · market cap 443,538.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$49.15M
$43.01M – $57.34M
NOI $3,440,687 @ 7.0% cap · market cap 26,466,823.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 49444, MI
26,281
Population
11,635
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
91%
High-School Grad
24.7 sq mi
ZIP Area
1,064
Density / Sq Mi
$52,143
Median Household Income
$34,423
Median Earnings
$941
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-level office area in a 2005 building may be configured for a smaller occupant.
Where is this office unit located?
The property is located at 5797 Harvey Street 2C Muskegon, MI.
What are key features of this property?
This property features: Approximately 5,234 SF of second‑level office space; Space may be demised for a smaller user; Two‑story building constructed in 2005
