509 E Ellis Rd

Industrial for Sale
Also listed as Office
Catylist Listing ID: 30371201
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 19,082 SF
Gross Land Area: 2.58 Acres
Sale Price: $975,000
Unit Price: $51.10 PSF
Ceiling: 12 ft.
Docks/Doors: 1 Dock, 1 Door
Office SF: 9,541 SF
Property Use Type: Vacant/Owner-User
Building Name: HARDING ENERGY
Usable Size (USF): 19,082 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/15/2019

Overview / Comments

The facility located at 509 E. Ellis Rd features an excellent combination of high quality professional offices and warehousing/production space which provides for a wide variety of reuses. The on site loading dock and overhead door offers the opportunity for service oriented businesses to operate together at one location for those businesses requiring a higher than standard office layout along with some warehouse space.
The facility is in excellent condition and will receive a brand new roof in the Spring of 2019. There is presently a two year lease in place which the new Buyer can either leverage into the future or terminate if the need is for the Buyer’s more immediate use. There are very few facilities for sale in this market and this property will not last long.

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $17,730 (Annual)
Assessed Value - Total($) $348,300 (Annual)

Additional Details

Nearest MSA: Muskegon-Norton Shores
County: Muskegon
Submarket/Township: Other area
Taxing Authority: City of Norton Shores
Tax ID/APN: 61-27-120-200-0002-00
Zoning: GO
Property Located Between: Grand Haven Rd and Martin Rd and E Sternberg Rd and Muskegon County Airport
Highway Access: 1.74 Miles to US 31 and 2.25 Miles to I-96
Airports: Muskegon County Airport
Site Description: LL in LO.
Area Description: DIRECTIONS: US-31 TO STERNBERG, W TO ROBERT HUNTER DR, N TO ELLIS, W TO PROPERTY.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Average
Year Built: 1974
Year Renovated: 2007
Construction/Siding: Concrete, Steel Frame
Parking Type: Surface
Parking Description: On Site
Column Spacing: Varies
Overhead Cranes: Undisclosed
Volts: 480
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Fluorescent
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,004 36,529 95,462
Median Age: 45.48 39.8 38.16
Households: 1,257 14,954 36,494
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.