549 Seminole Rd Norton Shores, MI 49444
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Executive Office, High NOI, Great Location
Property size:
10,430 SFProperty Features for 549 Seminole Rd
General Information
- Property type
- Office Properties & Spaces
- Square Feet
- 10,430 SF
- Class
- B
- Lot Size
- 130,680 SF
Building Details
- Year Built/Renovated
- 2005/2018
- Buildings
- 2
- Stories
- 1
Listing Agency: Clyde Hendrick, Realtors Grand Haven Listing Agent: Robert Hendrick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 1,084 square foot executive office condo, situated within the prestigious Seminole Woods Office Park at 549 Seminole Rd. Suite 103, Norton Shores, MI 49444, presents a compelling investment opportunity. Boasting a strong 7.57% cap rate and a Net Operating Income (NOI) of $9,724, this Class B property offers significant return potential. The building, constructed in 2005 and renovated in 2018, is part of a two-building complex on a 3-acre lot, providing ample parking (130 spaces). Currently 100% occupied by a solid tenant under a modified lease with a remaining term of three years (expiring December 31, 2026), this property benefits from annual rent bumps. The lease commenced September 28, 2023, and features a 3-year term. The property is zoned PUD and offers an open and airy layout. The convenient location provides easy access to Seaway Dr. in a high-traffic area. The tenant contributes $2284 annually towards common area maintenance (CAM). The asking price is $128,500. This is a turnkey investment opportunity with a strong tenant and excellent location. The total square footage of the entire park is 10,430 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Norton Shores
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.2576606
- Latitude
- 43.1861692
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FAQs
What type of property is this?
Office Property / Space - Executive Office, High NOI, Great Location
Where is this office property / space located?
The property is located at 549 Seminole Rd Norton Shores, MI.
What is the asking price?
The asking price for this property is $128,500.
What are key features of this property?
This property features: 1,084 SF executive office condo in prestigious Seminole Woods Office Park, Norton Shores, MI.; Recently remodeled Class B property with a 7.57% cap rate and $9,724 NOI.; 100% occupied with a 3-year lease (expiring 12/31/2026) featuring annual rent increases; lease commenced 9/28/2023.