2010 E Sherman Blvd

Industrial for Sale
Catylist Listing ID: 30319962
Property Subtypes: Mixed Use, Light Industrial, Warehouse/Distribution, General
Building Size (RSF): 48,170 SF
Gross Building Area: 48,440 SF
Gross Land Area: 4.45 Acres
Sale Price: $1,195,000
Unit Price: $24.81 PSF
Ceiling: 26 ft.
Docks/Doors: 2 Docks, 1 Door
Office SF: 2,960 SF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/8/2018

Overview / Comments

The property located at 2010 E Sherman Blvd has been used as an industrial warehouse facility for a number of years and is very well suited through that use. The facility features a clear span construction with absolutely no supporting columns in the interior of the building. This provides for unlimited racking and or warehousing layouts but also could be used as an alternative use in the sports and entertainment business. The facility would work well for indoor basketball, indoor volleyball, and other indoor training opportunities for sports year around. The facility features large locker rooms which would support a high volume of people once renovated. The facility also features significant excess land for additional parking if necessary.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $22,689 (Annual)
Assessed Value - Total($) $352,400 (Annual)

Additional Details

Nearest MSA: Muskegon-Norton Shores
County: Muskegon
Submarket/Township: Other area
Taxing Authority: City of Muskegon
Tax ID/APN: 61-24-134-400-0007-00
Zoning: I-2
Property Located Between: US-31 and Black Creek Rd and E Broadway Ave and E Laketon
Highway Access: 0.53 Miles to US-31
Airports: Muskegon County Airport
Area Description: DIRECTIONS: US-31 to Sherman Blvd, east to property.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1973
Year Renovated: 1985
Construction/Siding: Steel Frame
Parking Type: Surface
Parking Description: On Site
Column Spacing: Clear Span
Overhead Cranes: Undisclosed
Amps: 600
X-Phase: 3 Phase
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lighting: Metal Halide
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,242 61,273 109,399
Median Age: 36.35 34.97 37.25
Households: 938 22,043 41,703
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.