Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Muskegon Commercial Building For Sale Title is generated by Realmo AI

    1202 Wood Street, Muskegon, MI 49442

    View on Map
    Claim this Listing
    For Sale
    $74,900

    COMMERCIAL - Muskegon, MI

    Type:Retail
    Property size:
    1,368 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $54/SF
    Added:
    Sep 22, 2025
    Days on Market:
    244
    Last Refresh:
    May 23 at 3:06 am

    Property Features for 1202 Wood Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    24-205-079-0007-20
    Size
    1,368 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    DIST:24 CITY/MUNI/TWP:MUSKEGON CITY SUBD:CITY OF MUSKEGON REVISED PLAT (OF 1903) SEC/TWN/RNG/MER:SEC 05 TWN 9N RNG 17W
    Tax Annual Amount
    1964

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air

    Building Details

    Year built
    1960
    Number of units
    1

    We can help!

    Listing Contact
    Terry Puffer
    Terry Puffer

    Listing agent Terry Puffer License #6501424238

    Listing office Legacy Real Estate Partners 423 W Norton Ave, Norton Shores, MI

    Listing date Sep 22, 2025

    MLS# 25048716

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility corner location at Wood St and McLaughlin Ave.
    • Versatile 1368 sq ft commercial building suitable for office, retail, or service business.
    • Easy accessibility for customers and clients.
    • Natural Gas Available.
    • Forced Air Heating.
    • Built in 1960.

    Overview

    This 1368 sq ft commercial building is located at the corner of Wood St and McLaughlin Ave in Muskegon, MI. The property is suitable for an office space, retail establishment, or service-oriented business. The corner location provides visibility and accessibility, making it convenient for customers and clients.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2338902
    Latitude
    43.230525

    Nearby Similar for Sale

    • $599,900
      5,280 SF

      Move-in Ready Commercial Building

      High-visibility commercial building suitable for medical, retail, or office use.
      3044 Glade Street, Muskegon, MI 49444
      View Details
    • $319,900
      6,300 SF

      Versatile Commercial Space on M-46

      6,300 sq ft commercial space with development potential.
      3711 E Apple Avenue, Muskegon, MI 49442
      View Details
    • $350,000
      8,432 SF

      Turn-Key Church Property Available

      Meticulously maintained former church with renovated space on nearly 3 acres.
      2808 S Mill Iron Road, Muskegon, MI 49444
      View Details
    • $199,900
      2,800 SF

      Muskegon Commercial Property on 1.14 Acres

      1.14 acres in Fruitport Township, ready for your business.
      2115 E Sternberg Road, Muskegon, MI 49444
      View Details
    • $334,900
      4,800 SF

      Craftsman Office Building Near Downtown

      Charming office building with original architectural details and flexible layout.
      1181 Ransom Street, Muskegon, MI 49442
      View Details
    • $174,900
      1,223 SF

      Single-Tenant Office Investment Opportunity

      Well-maintained office property with stable tenant in prime location.
      992 Witham Road, Muskegon, MI 49445
      View Details
    • $165,000
      5,120 SF

      Versatile Commercial Building on Apple Avenue

      Adaptable commercial building suitable for various business uses.
      3639 E Apple Avenue, Muskegon, MI 49442
      View Details
    • $1,200,000
      6,522 SF

      Muskegon Downtown Investment Opportunity

      Prime location near Muskegon Lake, suitable for restaurant/bar.
      1208 8th Street, Muskegon, MI 49440
      View Details
    • $199,900
      1,500 SF

      Versatile Commercial Unit Near Highway 31

      Immaculate 1500 SF commercial unit perfect for business or personal use.
      2695 Hein Road, Muskegon, MI 49445
      View Details
    • $275,000
      4,096 SF

      Muskegon Auto Shop on M-120

      Commercial auto shop with strong visibility and easy access.
      2739 Holton Road, Muskegon, MI 49445
      View Details
    • $199,900
      1,500 SF

      Versatile Commercial Unit Near Highway 31

      Immaculate 1500 SF commercial unit perfect for business or storage.
      2695 Hein Road, Muskegon, MI 49445
      View Details
    • $199,900
      1,500 SF

      Versatile Commercial Unit Near Highway 31

      Immaculate 1500 SF unit suitable for business or personal use.
      2695 Hein Road, Muskegon, MI 49445
      View Details

    FAQs

    What type of property is this?
    Retail space - 1368 sq ft commercial building at Wood St and McLaughlin Ave.
    Where is this retail space located?
    The property is located at 1202 Wood Street Muskegon, MI.
    What is the asking price?
    The asking price for this property is $74,900.
    What are key features of this property?
    This property features: High‑visibility corner location at Wood St and McLaughlin Ave.; Versatile 1368 sq ft commercial building suitable for office, retail, or service business.; Easy accessibility for customers and clients.
    (231) 855-5001
    We can help!
    Listing Contact
    Terry Puffer
    Terry Puffer
    Real Estate License ID: 6501424238
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1202 Wood Street, Muskegon, MI 49442
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!