Medendorp Real Estate Group
Listed by Medendorp Real Estate Group
$1,400,000
1631 W Sherman Boulevard
Details
APN 27-338-000-0001-00
Property Type Retail, Office
Sub Type Storefront, Executive Office
Square Footage 55,564
Units 8
Cap Rate 5.29%
NOI $74,000
Occupancy 80%
Tenancy Multi
Lease Type Modified
Year Built 1952
Buildings 1
Acreage 3.960
Zoning c2
Parking Spaces 208 spaces
Parking Per SqFt 3.74
Ground Lease No
Commercial Shopping Center
Marketing description
1631 W Sherman Blvd offers a rare large-scale commercial investment opportunity within the Glenside Shopping Center corridor in Muskegon. Situated on approximately 3.96 acres, this multi-tenant property features over 55,000 SF of retail and office space with strong income potential and significant leasing upside. The property currently includes 6 established tenants, creating value-add opportunity for investors or owner-users.
The upper-level office section includes elevator access and multiple office suites suitable for medical, corporate, administrative, educational, or service-based users. Flexible zoning and layout support a variety of potential uses including retail, office, medical, grocery, fitness, and community services. Strategically located along highly traveled W Sherman Blvd with excellent visibility and access.
Investment highlights
6 Retail Spaces leased Vacant office space and storage
Listing Contacts
Medendorp Real Estate Group
Listed by Medendorp Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,000.00
$6,166.67/mo
Valuation Metrics
0
DSCR
5.29%
Cap Rate
5.29%
ROI
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