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    Listings

    For Sale (35)

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    Muskegon Auto Repair Building
    $279,900
    1,682 SF

    Muskegon Auto Repair Building

    Well-maintained auto repair building on a spacious corner lot.

    2189 Whitehall Rd, Muskegon, MI 49445
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    Muskegon Land Near Lakes Mall
    $1,250,000
    11.60 Acres

    Muskegon Land Near Lakes Mall

    11 acres near Lakes Mall, suitable for development.

    2025 E Sternberg Rd, Muskegon, MI 49444
    View details
    Versatile Industrial Space with Mezzanine
    $225,000
    1,800 SF

    Versatile Industrial Space with Mezzanine

    1800 sq ft unit perfect for various business uses.

    1054 W Sherman Blvd, Muskegon, MI 49441
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    Versatile Industrial Space with Mezzanine
    $225,000
    1,800 SF

    Versatile Industrial Space with Mezzanine

    1,800 sq ft unit ideal for various business uses.

    1054 W Sherman Blvd, Muskegon, MI 49441
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    Versatile Industrial Space with Mezzanine
    $225,000
    1,800 SF

    Versatile Industrial Space with Mezzanine

    1,800 sq ft unit ideal for various uses.

    1054 W Sherman Blvd, Muskegon, MI 49441
    View details
    Turnkey Car Wash Investment Opportunity
    $399,900
    3,186 SF

    Turnkey Car Wash Investment Opportunity

    Fully operational car wash facility with auto wash and vacuum stations.

    5946 Commerce Center Dr, Muskegon, MI 49444
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    Norton Shores Buildable Lot
    $64,900
    0.51 Acres

    Norton Shores Buildable Lot

    Buildable lot in Mona Shores school district with lake views.

    10 Lakeview Ave, Norton Shores, MI 49441
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    Updated Multi-Unit Home in Muskegon
    $189,900
    0.15 Acres

    Updated Multi-Unit Home in Muskegon

    Well-maintained multi-unit home with modern updates and detached garage.

    1157 W Dale Ave, Muskegon, MI 49441
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    Turn-Key Restaurant on High-Traffic Road
    $175,000
    1,593 SF

    Turn-Key Restaurant on High-Traffic Road

    Thriving restaurant on high-traffic road in Muskegon, fully equipped.

    1125 W Hackley Ave, Muskegon, MI 49441
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    Muskegon Township Commercial Opportunity
    $799,900
    7,530 SF

    Muskegon Township Commercial Opportunity

    Commercial building with additional land for sale in Muskegon Township.

    2144 Whitehall Rd, Muskegon, MI 49445
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    Versatile Industrial Space For Sale
    $210,000
    1,440 SF

    Versatile Industrial Space For Sale

    1,440 sq ft unit ideal for various uses.

    1054 W Sherman Blvd, Muskegon, MI 49441
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    Buildable Land with Deeded Access
    Contact for pricing
    1.14 Acres

    Buildable Land with Deeded Access

    1.14 acres of wooded land with utilities in Twin Lake.

    3518 Sunrise Rdg, Twin Lake, MI 49457
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    Retail Property on Laketon Avenue
    $269,900
    1,248 SF

    Retail Property on Laketon Avenue

    High-visibility retail property primed for a beer and wine store.

    793 W Laketon Ave, Muskegon, MI 49441
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    Allendale Commercial Land Opportunity
    $249,900
    1.34 Acres

    Allendale Commercial Land Opportunity

    Highly visible land parcel in Allendale, ideal for development.

    5195 Lake Michigan Dr, Allendale, MI 49401
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    Waterfront Development Opportunity on Muskegon
    $1,950,000
    8.95 Acres

    Waterfront Development Opportunity on Muskegon

    8+ acre waterfront parcel with 1,500 feet of frontage.

    1794 Lakeshore Dr, Muskegon, MI 49441
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    Established Pub in Whitehall, MI
    $955,000
    5,603 SF

    Established Pub in Whitehall, MI

    Popular pub in prime Whitehall location, suitable for downtown crowds.

    111 W Colby St, Whitehall, MI 49461
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    Buildable Lot in Norton Shores
    Contact for pricing
    0.31 Acres

    Buildable Lot in Norton Shores

    Nice buildable lot in Norton Shores, Michigan.

    1520 Sunbury Ave, Norton Shores, MI 49444
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    Established Bar & Restaurant Landmark
    $540,000
    3,191 SF

    Established Bar & Restaurant Landmark

    Landmark bar and restaurant near Lake Michigan.

    2998 N Scenic Dr, Muskegon, MI 49445
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    Lake Tahoe Waterfront Land
    $54,900
    0.18 Acres

    Lake Tahoe Waterfront Land

    Residential land with 58 feet of Lake Tahoe frontage.

    5632 S Cadillac Cir, New Era, MI 49446
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    Roosevelt Park Commercial Building
    $349,900
    6,020 SF

    Roosevelt Park Commercial Building

    6,020 sq ft commercial building in Roosevelt Park, MI.

    947 W Broadway Ave, Roosevelt Park, MI 49441
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    Established Restaurant in Norton Shores
    $371,000
    3,175 SF

    Established Restaurant in Norton Shores

    Well-established restaurant for sale in Norton Shores, Michigan.

    1971 W Sherman Blvd, Norton Shores, MI 49441
    View details
    Versatile Industrial Unit with Mezzanine
    $225,000
    1,800 SF

    Versatile Industrial Unit with Mezzanine

    1,800 sq ft industrial unit with 15'x24' mezzanine.

    1054 W Sherman Blvd, Muskegon, MI 49441
    View details
    Versatile Building on 10 Acres
    $399,900
    2,400 SF

    Versatile Building on 10 Acres

    2,400 sq ft building on 10 acres, high-traffic location.

    6908 E Apple Ave, Muskegon, MI 49442
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    Mona Lake Waterfront Buildable Lot
    $229,900
    0.31 Acres

    Mona Lake Waterfront Buildable Lot

    Buildable lot on Mona Lake with 139' water frontage.

    6 Lakeview Ave, Norton Shores, MI 49444
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    Leased Building on Main Roadway
    $899,900
    7,920 SF

    Leased Building on Main Roadway

    Fully leased building on main roadway, great investment opportunity.

    2190 Whitehall Rd, North Muskegon, MI 49445
    View details
    Norton Shores Buildable Lot
    $64,900
    0.51 Acres

    Norton Shores Buildable Lot

    Buildable lot in Mona Shores School District near Mona Lake.

    18 Lakeview Ave, Norton Shores, MI 49441
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    Turnkey Salon or Flexible Commercial Space
    $209,900
    1,092 SF

    Turnkey Salon or Flexible Commercial Space

    Fully equipped salon or flexible commercial space, priced to sell!

    2238 Henry St, Muskegon, MI 49441
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    Muskegon Commercial Property on Getty
    $199,900
    3,268 SF

    Muskegon Commercial Property on Getty

    Versatile commercial property with fenced parking on a busy roadway.

    2101 S Getty St, Muskegon, MI 49444
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    Remodeled Commercial Property with Suites
    $629,900
    9,000 SF

    Remodeled Commercial Property with Suites

    Commercial property featuring remodeled suites, suitable for diverse business needs.

    2240 Glade St, Muskegon Heights, MI 49444
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    Blue Lake Lakeside Cabin Resort
    $1,500,100
    8,212 SF

    Blue Lake Lakeside Cabin Resort

    14 Cabins, 3.91 Acres, Prime Location

    6191 Larson Rd, Fountain, MI 49410
    View details
    Two Commercial Buildings on 2 Acres
    $149,900

    Two Commercial Buildings on 2 Acres

    Two buildings on nearly 2 acres with highway proximity.

    520 W Hovey Ave, Muskegon Heights, MI 49444
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    Prime Commercial Site on Whitehall
    $799,900
    7,530 SF

    Prime Commercial Site on Whitehall

    Commercial site with building and land in Muskegon Township.

    2144 Whitehall Rd, Muskegon, MI 49445
    View details
    Updated Duplex with Detached Garage
    $189,900
    993 SF

    Updated Duplex with Detached Garage

    Well-maintained duplex featuring updated units and a detached garage.

    1157 West Dale Ave, Muskegon, MI 49441
    View details
    Prime Acreage Near Lakes Mall
    $1,250,000
    505,296 SF

    Prime Acreage Near Lakes Mall

    11 acres near Lakes Mall, suitable for development.

    2025 East Sternberg Rd, Muskegon, MI 49444
    View details
    Commercial Land on Whitehall Road
    $799,900

    Commercial Land on Whitehall Road

    Commercial land available on Whitehall Road in Muskegon, Michigan.

    2144 Whitehall Rd, Muskegon, MI 49445
    View details

    For Lease (9)

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    Turn-Key Office Space Available
    $8 SF/Yr
    1,393 SF

    Turn-Key Office Space Available

    Move-in-ready office space in high-traffic Norton Shores location.

    950 W Norton Ave, Muskegon, MI 49441
    View details
    Remodeled Medical Office Space Available
    $14 SF/Yr
    9,000 SF

    Remodeled Medical Office Space Available

    Recently remodeled 9000 SF medical office space for lease.

    427 Seminole Rd, Norton Shores, MI 49444
    View details
    Lakeshore Drive Commercial Space
    $1,950 / Mo
    1,760 SF

    Lakeshore Drive Commercial Space

    White box commercial space in a high-traffic Lakeside Social District.

    1949 Lakeshore Dr, Muskegon, MI 49441
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    Versatile Industrial Space in Muskegon
    $5 SF/Yr
    28,195 SF

    Versatile Industrial Space in Muskegon

    Expansive facility with customizable space, ideal for various business needs.

    2580 S Getty St, Muskegon, MI 49444
    View details
    Downtown Lakeside Commercial Space Available
    $1,950 / Mo
    5,133 SF

    Downtown Lakeside Commercial Space Available

    Prime commercial space in high-traffic downtown Lakeside location.

    1965 Lakeshore Dr, Muskegon, MI 49441
    View details
    Muskegon Office Space For Rent
    $12 SF/Yr
    1,500 SF

    Muskegon Office Space For Rent

    Professional office spaces available in Norton Shores, high-traffic location.

    3610 Henry St, Muskegon, MI 49441
    View details
    Move-in Ready Office Space Available
    $1,250 / Mo
    1,000 SF

    Move-in Ready Office Space Available

    Functional office suite with private offices, reception, and parking.

    841 Post Rd, Muskegon, MI 49441
    View details
    Updated Office Spaces Available
    $395 / Mo
    14,594 SF

    Updated Office Spaces Available

    Variety of updated office spaces available for rent.

    433 Seminole Rd, Norton Shores, MI 49441
    View details
    Prime Lakeshore Drive Commercial Space
    $2,600 / Mo
    2,748 SF

    Prime Lakeshore Drive Commercial Space

    Versatile commercial space in Muskegon's vibrant Lakeside Social District.

    1953 Lakeshore Dr, Muskegon, MI 49441
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Nexes Realty
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