Office Units with Salon
For Sale
$169,900
1258 E Apple Avenue, Muskegon, MI 49442
Commercial Sale, Muskegon, MI
Property Size1,276 SF
Lot Size0.14 Acres
Price / SF$133.15
Days on Market555
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)
Amenities
handicap-accessible ramp
gas furnace
window AC units
basement
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: Sep 16
Last Checked: Oct 6 at 2:06AM
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 1,276-square-foot commercial building at 1258 E Apple Avenue includes two distinct operating areas: a hair salon and an office-gallery space. The second floor is currently used for storage and may be converted to residential space with City of Muskegon approval. A clean basement provides additional storage, while the building includes a bathroom, broadband access, a gas furnace, and two window AC units.
Built in 1940, the property has wood siding, a metal roof installed in December 2024, and a recently painted exterior. A handicap-accessible ramp serves the building, and cable is available. The property sits on a 0.14-acre lot in Muskegon, Michigan, and is zoned commercial.
Built in 1940, the property has wood siding, a metal roof installed in December 2024, and a recently painted exterior. A handicap-accessible ramp serves the building, and cable is available. The property sits on a 0.14-acre lot in Muskegon, Michigan, and is zoned commercial.
Key Highlights
- 1,276‑square‑foot commercial building on a 0.14‑acre lot
- Hair salon and office‑gallery areas occupy separate portions of the building
- Second floor currently used for storage may convert to residential space with City of Muskegon approval
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,057
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,140
$281.1K
Cap Rate 7%
$200,814
$200.8K
Cap Rate 9%
$156,189
$156.2K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$21.7K $17.04/SF
− Vacancy
−$3.0K −$2.35/SF
EGI
$18.7K $14.69/SF
− OpEx
−$4.7K −$3.67/SF
NOI
$14.1K $11.02/SF
Area
Muskegon County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,140
Cap Rate 7%
$200,814
Cap Rate 9%
$156,189
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
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Current Use
Lease Details
1
Office units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
291
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Commercial building with a hair salon, office-gallery area, storage basement, and potential second-floor residential conversion subject to city approval.
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‑square‑foot commercial building on a 0.14‑acre lot; Hair salon and office‑gallery areas occupy separate portions of the building; Second floor currently used for storage may convert to residential space with City of Muskegon approval
