3145 Henry Street

Office for Sale
Catylist Listing ID: 30519029
Property Subtypes: Office Building
Building Size (RSF): 11,222 SF
Gross Land Area: 1.20 Acres
Sale Price: $975,000
Unit Price: $86.88 PSF
Ceiling: 10 ft.
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2020

Overview / Comments

The property located at 3145 Henry Street is located in the high profile busy section near major retailers. The property is fully occupied by three tenants who have been there for some time. The building is in excellent condition and would make a good long term investment or a re-development play given its location and lot size.
There is term remaining on all of the leases in place, however, there is an opportunity to re-develop the site into the future. Investments of this sort and locations of this type do not come along very often.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $22,005 (Annual)
Assessed Value - Total($) $364,700 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Submarket/Township: Other area
Taxing Authority: City of Roosevelt Park
Tax ID/APN: 61-25-164-000-0041-00
Zoning: C-E - COMMERCIAL EAST
Property Located Between: Business 31 and Maple Grove Rd and W Summit Ave and W Norton Ave
Property Visibility: Good
Highway Access: 0.34 Miles to Business 31, 3.57 Miles to US-31, and 3.54 Miles to I-96
Airports: Muskegon County Airport and Gerald R Ford International Airport
Area Description: DIRECTIONS: I-96 WEST TO US-31 IN MUSKEGON, LEFT ON W NORTON AVE, RT ON HENRY ST.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1969
Year Renovated: 2005
Construction/Siding: Block, Brick, Concrete
Parking Type: Surface
Parking Description: On-site
Passenger Elevators: 1
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Lot Frontage: 195
Lot Depth: 267
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,685 61,958 97,676
Median Age: 39.72 36.6 37.54
Households: 5,050 24,794 37,738
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.