2304 Olthoff St, Muskegon, MI 49444-2646
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-2 · Muskegon, MIMuskegon. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.