Terrace Plaza, a seven-story, 119,890 square foot Class B office building in downtown Muskegon, Michigan, offers a variety of executive, medical, creative, and traditional office spaces for lease. Built in 1978 and renovated in 2014, this multi-tenant building boasts 9'-5" ceilings and 377 parking spaces, including underground options. Located at 316 Morris Avenue, near Shoreline Drive, the property sits on a 4.28-acre lot (186,437 sq ft) and is served by Consumers Energy. The building features a modern design with high-performance glass and concrete masonry, a beautifully landscaped exterior, and a stylish lobby. Amenities include a state-of-the-art fitness center, a UPS drop box, vending services, and easy access to public transportation, including the Muskegon Area Transit System Terminal. The efficient floorplates offer zoned HVAC systems, redundant fiber optics, and access control, allowing for flexible and customizable office suite designs. The building's central core facilitates space planning, and light-filled offices are available in various sizes, from small suites to large blocks of space. The property's prime location offers serene views of Muskegon Lake and proximity to downtown amenities, including the Muskegon Farmers Market. Convenient access to US-31 and I-96, along with the nearby Muskegon County Airport, ensures easy commuting and business travel. The building's zoning is FBC-MS - Form Based Code Main Street, and its APN is 24-792-000-0000-00. Muskegon County taxes are $0.09 per square foot. The upper floors include luxury residential units. This location provides access to a well-educated workforce, with 22.5% of Muskegon residents holding college degrees, and is near numerous nationally recognized businesses.
Property Features for 316 Morris Ave
General Information
Property type
Office space
Lease Type
Gross Lease
RSF (Rentable sq. ft)
119,890 SF
Class
B
Total Rate
164848.75
Building Details
Year Built/Renovated
1978/2014
Buildings
1
Stories
7
Unit(s) available at that property
Space
240
Size
3,082 SF
Rate per SF
$17
Space
325
Size
7,737 SF
Rate per SF
$17
Space
435
Size
759 SF
Rate per SF
$18
Space
5th Floor
Size
19,014 SF
Rate per SF
$16
Space
500
Size
11,778 SF
Rate per SF
$17
Space
520
Size
2,711 SF
Rate per SF
$17
Space
550
Size
4,883 SF
Rate per SF
$17
Space
520+550
Size
7,594 SF
Rate per SF
$17
HighLights
7‑story, multi‑tenant mixed‑use office building totaling 119,890 square feet in downtown Muskegon, MI.
Prime downtown Muskegon location near Muskegon Lake, offering views and proximity to amenities.
Professionally managed by The Hinman Company, ensuring premium service and building maintenance.
Building amenities include a fitness center, 377 parking spaces (including underground), and convenient public transportation access.
Efficient floor plans with zoned HVAC, redundant fiber optics, and customizable interiors.
Convenient access to US‑31 and I‑96, Muskegon County Airport, and the Muskegon Farmers Market.
Office space - Downtown Muskegon Office Space: Modern Amenities
Where is this office space located?
The property is located at 316 Morris Ave Muskegon, MI.
What is the lease rate?
The lease rate is $16-$18 SF/Yr.
What are key features of this property?
This property features: 7-story, multi-tenant mixed-use office building totaling 119,890 square feet in downtown Muskegon, MI.; Prime downtown Muskegon location near Muskegon Lake, offering views and proximity to amenities.; Professionally managed by The Hinman Company, ensuring premium service and building maintenance.
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316 Morris Ave Muskegon, MI 49440
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Realmo Value Estimation
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Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
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Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
316 Morris Ave Muskegon, MI 49440
More about this listing
316 Morris Ave, Muskegon, MI
Richard MacDonald
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316 Morris Ave, Muskegon, MI
Richard MacDonald
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316 Morris Ave, Muskegon, MI
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316 Morris Ave, Muskegon, MI
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316 Morris Ave, Muskegon, MI
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to 316 Morris Ave Muskegon, MI 49440
316 Morris Ave, Muskegon, MI
Richard MacDonald
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