Commercial Condominium in Norton Shores

Office for Sale
Catylist Listing ID: 30712158
Property Subtypes: Medical, Office Building
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Gross Land Area: 1.06 Acres
Sale Price: $340,000
Unit Price: $97.14 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Hidden Pines of Norton Shores Condominiums
Class of Space: Class D
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/14/2021

Overview / Comments

This 3,500+ SF commercial condominium is located just ¾ mile off Seaway Drive and is surrounded by strong neighboring businesses. The unit was last used as a medical office. The main level includes a lobby and reception area, 7 offices/exam rooms, a separate work area and two ADA-compliant restrooms. The finished upper level could be utilized as additional work space, a meeting room, or even leased out to a separate business. The office park setting boasts plenty of paved parking, a monument sign, excellent visibility and easy accessibility.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $6,118 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Norton Shores
Tax ID/APN: 61-27-434-000-0002-00
Zoning: PO - PROFESSIONAL OFFICE
Property Located Between: Henry Street & Lake Harbor Road
Property Visibility: Excellent
Highway Access: Business US-31/Seaway Drive
Airports: Muskegon County Airport
Site Description: Office park setting near local high school and area businesses.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2002
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Two story office condominium with park-like landscaping and large parking lot.
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Currently used as a medical office, this commercial condominium offers a lobby and reception area, separate work space, 7 private rooms of which 5 have a sink. Upper level allows for extra work space or storage, but could also be used for a separate business. Nicely finished and updated workspace throughout.
Lot Frontage: 164
Lot Depth: irregular
Water Service: Municipal
Sewer Type: Municipal
Legal Description: CITY OF NORTON SHORES HIDDEN PINES OF NORTON SHORES CONDO BUILDING A UNIT 2.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,040 55,964 93,543
Median Age: 40.33 37.38 37.49
Households: 3,620 22,435 36,112

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