3587 Henry StNorton Shores, MI 49441

  • Commercial real estate
  • 12,174 SF
For Sale
$1,295,000 View listing

Property Details for 3587 Henry St

Year built
2003
Lot size
0.93 AC
Property size (Sq ft)
12,174 SF
Zone code
PUD
Property type
Commercial real estate
APN
61-27-012-200-0026-10
APU
6127012200002610

Description

This exceptional two-story, 12,174 square foot Class B office building is situated on a 0.98-acre lot at 3587 Henry St, Norton Shores, MI 49441. Built in 2003, the property boasts a prime location within the highly sought-after Henry Street corridor, surrounded by a mix of national restaurants, professional offices, and high-density residential areas. Previously used for medical purposes (physician and dental practices), this versatile building offers significant potential for various professional office uses. The property benefits from recent HVAC system upgrades and is zoned PUD. Its strategic location is further enhanced by the proximity to a recently redeveloped mixed-use project across Henry Street, including a new Mercy Health Partners facility. This presents a compelling opportunity to acquire a well-maintained professional office building at a price significantly below the cost of new construction. The asking price is $1,295,000, translating to $106.37 per square foot. This is a single building, two-story structure.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,545,046
    Hospitality
    $2,331,249
    Educational
    $1,939,572
    Medical
    $2,006,276
    Retail
    $3,017,111

Location Insight

City
Norton Shores
County
Muskegon
State
Michigan
Latitude
43.1882
Longitude
-86.2641
CBSA code
34740
CBSA name
MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$26,155
-
-
$476,900
-
-
-
$953,800

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