Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    700 Terrace Point Dr Muskegon, MI 49440

    For Lease
    $14 SF/Yr

    Prestigious Lakefront Office Suites

    Lot size:
    49,636 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional Class C office building, located at 700 Terrace Point Dr, Muskegon, MI 49440, offers 49,636 square feet of prime executive office space. Built in 1989 and renovated in 2011, the four-story building boasts a unique architectural design with a copper exterior and stunning views of Muskegon Lake. The property sits on a 4.5-acre lot and features a total of 196 parking spaces (160 surface and 36 covered). Multiple tenancy options are available, with spaces ranging from a minimum of 2,400 square feet to a maximum contiguous space of 16,561 square feet

    Property Features for 700 Terrace Point Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    49,636 SF
    Class
    C
    Total Rate
    57908.67

    Building Details

    Year Built/Renovated
    1989/2011
    Buildings
    1
    Stories
    4

    Unit(s) available at that property

    Space
    Floor 2, Unit #5
    Size
    16,561 SF
    Rate per SF
    $14
    Space
    Floor 2, Unit #3
    Size
    6,000 SF
    Rate per SF
    $20
    Space
    Floor 2, Unit #1
    Size
    2,400 SF
    Rate per SF
    $21
    Space
    Floor 2, Unit #4
    Size
    11,800 SF
    Rate per SF
    $17
    Space
    Floor 2, Unit #2
    Size
    2,800 SF
    Rate per SF
    $17
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2564117
    Latitude
    43.2420469

    Nearby Similar for Lease

    • $5 SF/Yr
      34,251 SF

      Modern Office Hub in Muskegon

      Innovative workspace fostering collaboration and creativity with flexible layouts.
      1204 W Western Ave Unit, Muskegon, MI 49441
      View Details
    • $5 SF/Yr
      34,251 SF

      Modern Office Hub in Muskegon

      Innovative workspace fostering collaboration and creativity with flexible layouts.
      1204 W Western Ave Unit, Muskegon, MI 49441
      View Details
    • $5 SF/Yr
      34,251 SF

      Modern Office Hub in Muskegon

      Innovative workspace fostering collaboration and creativity with flexible layouts.
      1204 W Western Ave Unit, Muskegon, MI 49441
      View Details
    • $3 SF/Yr
      34,251 SF

      Modern Office and Coworking Space

      Innovative workspace fostering collaboration and creativity with flexible layouts.
      1204 W Western Ave Unit, Muskegon, MI 49441
      View Details
    • $2.00 SF/Yr
      100,935 SF

      Muskegon Industrial Warehouse Space Available

      40,000 SF upper-level unit with shared loading docks.
      143 W Sherman Blvd, Muskegon, MI 49444
      View Details
    • $3 SF/Yr
      100,935 SF

      Muskegon Warehouse Space For Lease

      20,000 SF upper-level warehouse space available for lease.
      143 W Sherman Blvd, Muskegon, MI 49444
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Lakefront Office Suites
    Where is this office property / space located?
    The property is located at 700 Terrace Point Dr Muskegon, MI.
    What is the lease rate?
    The lease rate is $14-$21 SF/Yr.
    Request Owner's contact information
    700 Terrace Point Dr Muskegon, MI 49440
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    700 Terrace Point Dr
    Muskegon, MI 49440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    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
    700 Terrace Point Dr Muskegon, MI 49440
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.