Property profile

1269 Mt Garfield Rd Norton Shores, MI 49441

OFF-MARKET
Industrial properties
Property ID
US43-0893621
250,000 SF 18.72 ac lot Built 1997
Individually Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 1269 E Mt Garfield Rd in Norton Shores, Michigan, offers 56,250 square feet of versatile space ideal for manufacturing, warehousing, or distribution. Situated in Muskegon County, with excellent frontage and high visibility along US-31 just south of I-96, this end-cap suite boasts five dock-high loading doors and one grade-level overhead door, ensuring efficient loading and unloading. A small office area with restrooms is conveniently located in the northeast corner of the building. The property is zoned 61-27-128-200-0002-00 and currently has one available space. The space is well-maintained and features a low common area maintenance (CAM) fee, making it an attractive option for businesses seeking cost-effective operations. The property is available for occupancy starting January 1st, 2025. Its prime location provides easy access to major transportation routes, enhancing logistical efficiency. This is a rare opportunity to secure a high-quality industrial space in a desirable location with excellent visibility and convenient access. The property's features make it suitable for a variety of industrial uses, offering a strong return on investment. Contact us today to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Total area 250,000 SF
Lot 18.72 ac (815,443 SF)
Zoning code GI
APN 61-27-128-200-0002-00
UPID US43-0893621

Cap rate & NOI

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

Location

1269 Mt Garfield Rd Norton Shores, MI 49441-5694
Norton Shores metro Census 2602 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.12M
Blend (final) Blend
$6.09M

Owner & transaction history

since 2016
2 recorded transactions
2016
$6.1M
2013
$4.5M

Zoning & alternative use

GI · Norton Shores, MI
Zoning description

DIVISION 14. - GI GENERAL INDUSTRIAL DISTRICT Sec. 48-660. - Intent. (a) It is the intent to allow both a heavier and lighter type of industries in one industrial district. Because of the past history of neighboring comm…

General category INDUSTRIAL

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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