Property profile

255 Seminole Rd Norton Shores, MI 49444

OFF-MARKET
Commercial real estate
Property ID
US43-0435595
18,240 SF Built 2007
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building at 255 Seminole Road in Norton Shores, Michigan, offers multiple suites for lease. The property, built in 2007, boasts a total of 18,240 square feet across two stories, situated on a 0.21-acre lot. Currently, 7,188 square feet of vacant space is available, divisible into units ranging from 2,500 to 4,688 contiguous square feet. The building features a desirable mix of tenants, including a yoga studio, hair salon, home care staffing agency, boutique, and brewery, creating a vibrant and thriving community. The property benefits from high visibility due to its location on Seminole Road, with excellent exposure to Seaway Drive (Business 31). Recent improvements to the surrounding area include new roads and streetscaping, enhancing the property's appeal and accessibility. Interior features include multiple offices, a reception area, billing office, break room, and separate men's and women's restrooms. The property is zoned PUD and is located in a rapidly growing area of Norton Shores, offering significant potential for businesses seeking a high-quality, well-located office space in Muskegon County. The building's single structure is conveniently located near the popular Toast & Jams restaurant. This is an excellent opportunity for businesses seeking a prestigious and functional office environment.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2007
Total area 18,240 SF
Zoning code PUD
APN 61-27-265-000-0005-00
UPID US43-0435595

Cap rate & NOI

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

Location

255 Seminole Rd Norton Shores, MI 49444-3758
Norton Shores metro Census 2400 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
$1.75M
Blend (final) Blend
$410k

Owner & transaction history

since 2015
5 recorded transactions
2015
Price N/A
2007
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Norton Shores, MI
Zoning description

2, 6-6-2006) Secs. 48-663-48-682. - Reserved. DIVISION 16. - PURD PLANNED UNIT RESIDENTIAL DEVELOPMENT DISTRICT Sec. 48-714. - Scope, purpose and intent. This PURD planned unit residential development district, like the…

General category PLANNED_DEVELOPMENT

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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