Two-Story Office
5797 Harvey Street 2D, Muskegon, MI 49444
For Sale
Contact for pricing
Second-level office space in a modern professional building with potential for a smaller configuration.
Property Size5,234 SF
Price / SF$0.00
Days on Market60
Property Features for 5797 Harvey Street 2D
General Information
Standard status
Size
Class
Additional Details
Floor
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License MI #6501293444
(231) 578-2508
Source:
Jimdehaan
Added: Sep 14
Changed: Nov 1
Last Checked: Nov 12 at 6:49AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space is available on the second level of a two-story building constructed in 2005. The available area measures approximately 5,234 SF and may be divisible for a smaller user. Choice One Bank, Manpower, and Lakeshore Employee Benefits are current occupants of the building.
The property is located at 5797 Harvey Street in Muskegon, within the Harvey Street corridor. Nearby businesses include national food franchises, retail operators, professional and medical offices, and new residential developments.
The property is located at 5797 Harvey Street in Muskegon, within the Harvey Street corridor. Nearby businesses include national food franchises, retail operators, professional and medical offices, and new residential developments.
Key Highlights
- Approximately 5,234 SF of second‑level office space
- Potential to divide the space 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
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$963.7K – $1.28M
NOI $77,096 @ 7.0% cap
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
$159,200
Median Home Value
Market
Average Price Trend$/SF for Office Units in Muskegon, MI
Properties on Market for Office Units in Muskegon
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-level office space in a modern professional building with potential for a smaller configuration.
Where is this office unit located?
The property is located at 5797 Harvey Street 2D Muskegon, MI.
What are key features of this property?
This property features: Approximately 5,234 SF of second‑level office space; Potential to divide the space for a smaller user; Two‑story building constructed in 2005
