Property profile

992 Witham Rd Muskegon, MI 49445

FOR SALE
Commercial real estate
Property ID
US43-1635460
1,223 SF 0.01 ac lot Built 2013
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,223-square-foot executive office building, situated on a generous 2.91-acre lot in Muskegon County, Michigan, presents a unique investment opportunity. Built in 2013, this single-story Class C building boasts a spacious and functional layout, perfect for a variety of professional office users. The property features a mix of private offices, a dedicated conference room, a convenient kitchenette, and a welcoming reception area. The building's single-tenant occupancy provides stability and ease of management. Located at the intersection of Dykstra and Witham Roads, this property offers convenient access to Whitehall Road, ensuring excellent visibility and accessibility. Recent improvements include a newly paved driveway and ample parking, enhancing the overall appeal and functionality of the property. The 8-foot ceiling height contributes to a bright and airy atmosphere. The C2 zoning allows for a range of professional office uses. This property is ideal for a small insurance agency, financial planning firm, or other professional office user seeking a standalone location with excellent visibility and ample space. The building's current occupant is a financial planning company. This turnkey solution offers immediate occupancy and the potential for long-term growth. The property's location in Muskegon, MI, zip code 49445, provides easy access to local amenities and a thriving business community.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2013
Total area 1,223 SF
Lot 0.01 ac (261 SF)
Zoning code C2
APN 61-09-107-300-0001-00
UPID US43-1635460

Cap rate & NOI

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

Location

992 Witham Rd Muskegon, MI 49445
Muskegon metro Census 1700 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
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Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2019
$35,000
2012
Price N/A

Zoning & alternative use

C2 · Muskegon, MI

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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