Mixed-Use Commercial
For Sale
$169,900
1258 E Apple Avenue, Muskegon, MI 49442
COMMERCIAL - Muskegon, MI
Property Size1,276 SF
Lot Size0.14 Acres
Price / SF$133.15
Days on Market489
Property Features for 1258 E Apple Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
B-2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
Apple Ave to corner of Apple and Plymouth Streets
Subdivision
Muskegon County - M
Standard status
Active
APN
24-850-001-0006-00
Size
1,276 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lengthy-see attached.
Tax Annual Amount
2661
Legal Description
Lengthy-see attached.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Window Unit(s)
Building Details
Year built
1940
Floors in Building
1
Number of units
1
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Thomas Joseph Sanocki · License #6502387245
(231) 375-5271
Added: Mar 31, 2025
Changed: Jul 25
Last Checked: Aug 1 at 3:06AM
MLS# 25012559
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.
Investment Insights
Based on property information with market context.
This well-maintained commercial building totals 1,276 square feet and is currently configured with one side operating as a hair salon and the other side featuring a spacious office/gallery area. The upstairs level is currently used for storage, and the listing notes that, with City of Muskegon approval, it could be converted into residential space. A clean basement provides additional storage.
Recent improvements include a new steel metal roof installed December 2024 and a freshly painted exterior. The property includes a handicap-accessible ramp, and it is equipped with a gas furnace and two window AC units.
The building is zoned commercial and includes the option for residential use on the second floor with the stated approval. Additional features include a well-maintained ramp and functional mechanical systems supporting the existing office and salon spaces.
Recent improvements include a new steel metal roof installed December 2024 and a freshly painted exterior. The property includes a handicap-accessible ramp, and it is equipped with a gas furnace and two window AC units.
The building is zoned commercial and includes the option for residential use on the second floor with the stated approval. Additional features include a well-maintained ramp and functional mechanical systems supporting the existing office and salon spaces.
Key Highlights
- 1,276 sq. ft. commercial building with versatile setup: hair salon on one side and office/gallery area on the other
- Commercial zoning with option for residential use on the 2nd floor with City of Muskegon approval
- New steel metal roof installed December 2024 plus freshly painted exterior
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.7k | $17.04 |
| − Vacancy | −$3.0k | −$2.35 |
| EGI | $18.7k | $14.69 |
| − OpEx | −$4.7k | −$3.67 |
| NOI | $14.1k | $11.02 |
1,276 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Retail
$235.6K
$206.2K – $274.9K
NOI $16,495 @ 7.0% cap · market cap 9.71%
Second Best
Office B
$200.8K
$175.7K – $234.3K
NOI $14,057 @ 7.0% cap · market cap 8.27%
Theoretical Best
Hotel Hospitality
$11.98M
$10.49M – $13.98M
NOI $838,807 @ 7.0% cap · market cap 493.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Well-maintained commercial property with a hair salon buildout and an office/gallery area, plus a clean basement and accessible ramp.
Where is this office units located?
The property is located at 1258 E Apple Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 1,276 sq. ft. commercial building with versatile setup: hair salon on one side and office/gallery area on the other; Commercial zoning with option for residential use on the 2nd floor with City of Muskegon approval; New steel metal roof installed December 2024 plus freshly painted exterior
