Finished Flex Space with Overhead
For Sale
$209,900
C-5-2695 Hein Rd, Muskegon, MI 49445
Fully finished unit with a bath, climate control, three-phase power, and fiber internet.
Property Size1,500 SF
Price / SF$139.93
Days on Market141
Property Features for C-5-2695 Hein Rd
General Information
Standard status
Active
Size
1,500 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
18 ft
Three-Phase Power
Yes
Conditioned Warehouse
Yes
Amenities
fiber internet
Building Details
Construction
steel
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 4
Last Checked: Oct 5 at 11:24PM
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 finished flex space is a 25 x 60 steel unit designed for durable, adaptable use. The interior includes 6'' concrete floors, 18' ceilings with lighting and a ceiling fan, plus a 14 x 14 overhead door. A full bath, two mini-split systems, three-phase power, city water, and city sewer support day-to-day operations.
Fast fiber internet adds connectivity for business use, while the finished interior accommodates storage, workspace, or office-related functions. The property is located on Hein Rd in Muskegon, minutes from Highway 31.
Fast fiber internet adds connectivity for business use, while the finished interior accommodates storage, workspace, or office-related functions. The property is located on Hein Rd in Muskegon, minutes from Highway 31.
Key Highlights
- 25 x 60 steel unit with a fully finished interior
- 6'' concrete floors and 18' ceilings
- 14 x 14 overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,471
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,420
$349.4K
Cap Rate 7%
$249,586
$249.6K
Cap Rate 9%
$194,122
$194.1K
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
−$3.1K −$2.06/SF
NOI
$17.5K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,420
Cap Rate 7%
$249,586
Cap Rate 9%
$194,122
Alternative Uses
Best Use
Warehouse
$249.6K
$218.4K – $291.2K
NOI $17,471 @ 7.0% cap · market cap 8.32%
Second Best
Industrial
$205.5K
$179.9K – $239.8K
NOI $14,388 @ 7.0% cap · market cap 6.85%
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
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully finished unit with a bath, climate control, three-phase power, and fiber internet.
Where is this flex space located?
The property is located at C-5-2695 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 a fully finished interior; 6'' concrete floors and 18' ceilings; 14 x 14 overhead door
