Property profile

1054 W Sherman Blvd 102 Muskegon, MI 49441

FOR SALE
Other commercial real estate
Property ID
US43-1071493
33,200 SF 7.3 ac lot Built 2018
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

An industrial flex warehouse unit configured with a 24 ft by 60 ft primary area and 21 ft ceiling height, plus an additional 15 ft by 24 ft mezzanine that provides 10 ft 6 in clearance beneath it. The unit includes a 16 ft by 16 ft overhead door with an automatic opener, LED lighting, and industrial ceiling fans. Building systems include closed spray foam insulation, a 100,000 BTU furnace, and a 10-gallon electric water heater. The unit is equipped with a private bathroom and floor drains for operational convenience. Utilities are individually metered, and the unit has 100-amp electrical service to support independent power needs. The listing references the space as a single 1,800-square-foot unit.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2018
Total area 33,200 SF
Lot 7.3 ac (317,988 SF)
Zoning code B-4
APN 61-24-036-400-0019-00
UPID US43-1071493

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility

Location

1054 W Sherman Blvd, Unit 102 Muskegon, MI 49441
Muskegon metro Census 2100 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.16M
Blend (final) Blend
$2.16M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2024
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2018
$39,999
2016
Price N/A

Zoning & alternative use

B-4 · Muskegon, MI
Zoning description

ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is designed to provide for a wide variety of business activities including automotive…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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