540 W. Hume Avenue

Industrial for Sale
Catylist Listing ID: 30773333
Property Subtypes: Flex Space, Free-Standing, Manufacturing, Light Industrial, Research & Development, Warehouse/Distribution, Other
Building Size (RSF): 19,890 SF
Gross Building Area: See Agent
Gross Land Area: 1.19 Acres
Sale Price: $975,000
Unit Price: $49.02 PSF
Ceiling: 20 ft. / 17 ft. Clear
Docks/Doors: 1 Dock, 3 Doors
Office SF: 1,000 SF
Drive In Bays: 1 Bay
Property Use Type: Vacant/Owner-User
Usable Size (USF): 19,890 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2022

Overview / Comments

Core is pleased to offer for sale a well-maintained manufacturing building consisting of 19,980 SF. The main building is 17,550 with a covered dock and staging area of 2,340 SF. The current manufacturer is consolidating multiple operations to a larger building and will be vacating the property in early 2022.
Building is well equipped with multiple drive-in doors, ample power (480 3-phase 1,000 amp+) and a new roof and insulation installed in 2018. Potential cannabis eligible property per City of Muskegon Heights. Buyer to verify all information.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $8,900 (Annual)
Tax Value Improvements $129,579
Assessed Value - Total($) $130,800 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Muskegon Heights
Tax ID/APN: 61-26-842-000-0060-00/0060-10/0060-20
Zoning: D1-IND
Property Located Between: Glade & Park
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 19,980 SF
Year Built: 1988
Year Renovated: 1996
Construction/Siding: Concrete, Steel Frame
Exterior Description: Poured Concrete and Metal
Parking Type: Surface
Overhead Cranes: Undisclosed
Amps: 1,000
Volts: 480
X-Phase: 3-Phase
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Package Unit
Zoning Description: Light Manufacturing District
Lot Frontage: 190
Lot Depth: 300
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file in listing office.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,198 68,715 109,104
Median Age: 34.58 36.12 37.77
Households: 6,151 27,625 42,003

Contact

Photograph of Listing Agent

Bryan D. Bench

Core Realty Partners
CARWM Member
Photograph of Listing Agent

Troy Wasserman

Core Realty Partners
CARWM Member
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