$128,500
Norton Shores, MI 49444
MLS# 24003455
1084 sqft
1 / 12
Property Description
Attractive building is part of Seminole Woods Office Park. Office condo is open and airy, recently remodeled, ample parking, quiet location, easy access off Seaway Dr. High traffic area. Solid tenant (lease extended to 12.31.26). NOI $9724. 3% annual bumps in rent. Tenant pays $2284/yr in CAM.
Details
Maps
Documents
Location & Property Info
County: Muskegon
Street #: 549
Street Name: Seminole
Suffix: Road
Unit #: Suite 103
State: MI
Zip Code: 49444
Cross Streets: Lake Forest & Waalkes
Property Sub-Type: Office
Area: Muskegon County - M
Municipality: Norton Shores City
Office/Contract Info
Status: Active
Current Price: $128,500
List Price: $128,500
Auction or For Sale: For Sale
List Price/SqFt: 118.54
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 3
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-01-16
Current Bldg Use: 60 months
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 3
Lot Square Footage: 130680
Lot Dimensions: 221x143x338x147x220x373
Year Built: 2005
Road Frontage: 221
Year Remodeled: 2018
Total # Units: 5
# Fin Bldg Lvls: 1
# of Diff Unit Floor Plans: 2
Total # Bldgs: 2
Total SqFt: 1084
Full Baths: 2
Waterfront: No
School District: Mona Shores
Tax Info
Tax ID #: 2776700000050
Taxable Value: 61600
SEV: 61600
For Tax Year: 2023
Annual Property Tax: 3583
Tax Year: 2023
Spec Assessment & Type: None known
Zoning: PUD
Remarks & Misc
Legal: Attach Schedule A Title Work. Long legal in external documents.
Directions: N on Seaway to Seminole Rd, then W to property. S side of Seminole, E of Henry.
Additional Details
Total Parking Spaces: 130
Ceiling Height: 9
Income and Expenses
Net Operating Income: 9724
Operating Expense: 7881
SqFt Information
Rentable Office SqFt: 1084
Unit 1
Unit Description: Suite 103
SqFt: 1084
Occupied: Yes
Rent $/Month: 1536
Property Features
Uses: Institutional; Professional Service; Professional/Office
Business Includes: Real Estate
Construction Type: Concrete; Steel
Exterior Material: Brick; Stone
Roofing: Rubber
Below Grade: None
Tenant Pays All: Electric; Gas
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Survey
Docs Req Conf Agrmnt: APOD; Financials; Leases
Sale Conditions: None
Unit 1: Tenant Pays Electric; Tenant Pays Gas
Long legal 2024 
Listing Office: Berkshire Hathaway HomeServices Clyde Hendrick
Listing Agent: Robert Hendrick
Last Updated: January - 16 - 2024
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