2304 Olthoff St Muskegon, MI 49444
- Industrial properties
- 4,048 SF
- 2.18 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 2304 Olthoff St
- Year built
- 1989
- Lot size
- 2.18 lot acres
- Property size
- 4,048 SF
- Zone code
- I-2
- Property type
- Industrial properties
- APN
- 61-24-694-000-0041-00
- APU
- 6124694000004100
Description
This exceptional 4,048-square-foot industrial building is strategically located within the prestigious Port City Industrial Park in Muskegon, Michigan. Constructed in 1989 for a commercial printing business, the property boasts a well-designed layout featuring nicely appointed office spaces and versatile open work/production areas, perfect for a variety of uses. Recent improvements include a new roof and HVAC system, ensuring efficient and comfortable operation. The building's functionality makes it ideal for a service company, light component assembly, or distribution operation. Beyond the building itself, the property offers significant advantages. The expansive 2.18-acre lot provides ample space for future expansion, accommodating growth and potential development. The site is meticulously maintained, reflecting a commitment to quality and functionality. Enjoy convenient access to US-31 via Sherman Boulevard or Laketon Avenue, ensuring seamless transportation and logistics. The property's location within the Port City Industrial Park places it in the company of established industry leaders such as Adac Plastics, GE Aviation, Bold Furniture, and Port City Group, providing a strong sense of community and access to a skilled workforce. This is a rare opportunity to acquire a well-maintained, versatile industrial property with significant growth potential in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $375,000
- 6.5%
- $405,000
- 7%
- $405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $440,000
- Geo Method
- $390,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $355,000
- Retail
- $350,000
- Mixed-Use
- $425,000
- Hospitality
- $350,000
- Educational
- $380,000
- Residential Income
- $370,000
- Energy
- $330,000
- Income-Based Land
- $435,000
- Food Service
- $325,000
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.1873
- Latitude
- 43.2082
- CBSA code
- 34740
- CBSA name
- MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
