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    Property profile & analytics
    OFF-MARKET Estimated value $7,120,000
    Industrial properties

    1269 Mt Garfield Rd, Norton Shores, MI 49441-5694

    250,000 SF 18.72 ac lot Built 1997
    Individually Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US43-0893621
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $7.12M
    Blend (final) Blend
    $7.12M
    Owner & transaction history
    Core Pacific Crosslakes Dst · 9 yrs held
    Core Pacific Crosslakes Dst
    since 2016
    2 recorded transactions
    2016
    $6.1M
    2013
    $4.5M
    Zoning & alternative use
    GI · Norton Shores, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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