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    860 Terrace St Muskegon, MI 49440

    Sponsored
    For Lease
    $7 SF/Yr

    Class A Office Building, 40,000 SF Available

    Lot size:
    96,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A office building, located at 860 Terrace St, Muskegon, MI 49440, presents a significant opportunity for businesses seeking prime office space in Muskegon County. The property, known as 860 Terrace, boasts a total of 96,000 square feet across five stories, with a single building situated at the intersection of Terrace and Clay Streets. Currently, there are 40,000 square feet of vacant, contiguous space available for lease, ideal for a large tenant or multiple smaller occupants. The building is classified as a Traditional Office space with multiple tenancy options. Modern amenities include elevators. The building's prime location in Muskegon offers excellent accessibility and visibility. This is a rare opportunity to secure a substantial amount of high-quality office space in a desirable location. The property's size and features make it suitable for a wide range of businesses. With its convenient location and ample space, 860 Terrace offers a compelling opportunity for growth and expansion. Contact us today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Property Features for 860 Terrace St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,000 SF
    Class
    A
    Total Rate
    59200

    Building Details

    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    40,000 SF
    Rate per SF
    $15

    HighLights

    • Class A, 96,000 SF office building at 860 Terrace St, Muskegon, MI.
    • 40,000 SF of contiguous vacant space available for lease.
    • Five‑story building with elevator service.
    • Located at the intersection of Terrace and Clay Streets in Muskegon County, offering excellent visibility and accessibility.
    • Traditional office space with multiple tenancy options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.246593547155
    Latitude
    43.236778118072

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Building, 40,000 SF Available
    Where is this office property / space located?
    The property is located at 860 Terrace St Muskegon, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A, 96,000 SF office building at 860 Terrace St, Muskegon, MI.; 40,000 SF of contiguous vacant space available for lease.; Five-story building with elevator service.
    Request Owner's contact information
    860 Terrace St Muskegon, MI 49440
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    Muskegon, MI 49440
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    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
    860 Terrace St Muskegon, MI 49440
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