Steel Flex Warehouse
For Sale
$209,900
C-1-2695 Hein Rd, Muskegon, MI 49445
Steel construction with finished interior, 18' ceilings, and an overhead door supports a wide range of business uses.
Property Size1,500 SF
Price / SF$139.93
Days on Market145
Property Features for C-1-2695 Hein Rd
General Information
Standard status
Active
Size
1,500 SF
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Utilities to Site
Yes
Listing Agency:
RE/MAX Lakeshore
(616) 935-1150
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Exprealty
Added: May 19
Changed: Oct 3
Last Checked: Oct 10 at 12:35AM
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 RE/MAX Lakeshore
Investment Insights
Based on property information with market context.
This offering is a 25 x 60 steel unit with a fully finished interior designed for flexible use. The space includes 6-inch concrete floors and 18-foot ceilings with lighting and a ceiling fan. A 14 x 14 overhead door provides straightforward access for equipment and storage needs. The unit is equipped with a full bath and includes 3-phase power, city water and sewer, and two mini-split systems for heating and cooling. Fast fiber internet is also available, supporting modern office and operational requirements.
The property is located just minutes from Highway 31, offering convenient regional access. It sits within a professionally maintained association with monthly dues listed at $75, which covers snow removal and common area upkeep.
For tenants, buyers, and operators, the combination of finished interior, overhead door access, and dedicated utilities makes this unit workable for both light industrial storage and office-oriented setups. The ceiling height and concrete floor construction support businesses that need usable space for operations, while the included bathroom and climate control help the unit function as a practical base for day-to-day work.
The property is located just minutes from Highway 31, offering convenient regional access. It sits within a professionally maintained association with monthly dues listed at $75, which covers snow removal and common area upkeep.
For tenants, buyers, and operators, the combination of finished interior, overhead door access, and dedicated utilities makes this unit workable for both light industrial storage and office-oriented setups. The ceiling height and concrete floor construction support businesses that need usable space for operations, while the included bathroom and climate control help the unit function as a practical base for day-to-day work.
Key Highlights
- 25 x 60 steel unit with fully finished interior and durable 6'' concrete floors
- 18' ceilings with lighting and a ceiling fan
- 14 x 14 overhead door for easy loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,388
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,760
$287.8K
Cap Rate 7%
$205,543
$205.5K
Cap Rate 9%
$159,867
$159.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$21.1K $14.04/SF
− Vacancy
−$505 −$0.34/SF
EGI
$20.6K $13.70/SF
− OpEx
−$6.2K −$4.11/SF
NOI
$14.4K $9.59/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$287,760
Cap Rate 7%
$205,543
Cap Rate 9%
$159,867
Alternative Uses
Best Use
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
Second Best
Flex RnD
$92.5K
$81.0K – $107.9K
NOI $6,476 @ 7.0% cap · market cap 3.09%
Theoretical Best
Hotel Hospitality
$14.09M
$12.33M – $16.43M
NOI $986,059 @ 7.0% cap · market cap 469.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 49445, MI
21,245
Population
9,109
Households
2.3
Avg Household Size
43
Median Age
29%
College-Educated
96%
High-School Grad
61.1 sq mi
ZIP Area
348
Density / Sq Mi
$80,514
Median Household Income
$45,874
Median Earnings
$1,163
Median Rent
$209,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Steel construction with finished interior, 18' ceilings, and an overhead door supports a wide range of business uses.
Where is this flex space located?
The property is located at C-1-2695 Hein Rd Muskegon, MI.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: 25 x 60 steel unit with fully finished interior and durable 6'' concrete floors; 18' ceilings with lighting and a ceiling fan; 14 x 14 overhead door for easy loading and access
