Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    186 Vernon Ave Muskegon, MI 49445

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    land - MUSKEGON, MI

    Lot size:
    0.18 Acres
    Days on Market:
    8
    Last Refresh:
    Mar 24 at 2:06 pm

    Property Features for 186 Vernon Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.18 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cynthia Maurer

    Coldwell Banker Schmidt Family Of Companies

    Listing agent Cynthia Maurer

    Listing date Mar 17, 2026

    MLS# 25059705 Listing URL

    Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Lot in Muskegon

    Located at 186 Vernon Avenue in Muskegon, this property presents an opportunity to build a residence. The lot measures 60 x 133 feet, offering building possibilities. Situated within the Reeths-Puffer school district, the location provides convenient access to shopping, dining, and recreational activities. The lot size is approximately 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.238651
    Latitude
    43.290051

    Nearby Similar for Sale

    • $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
      View Details
    • $424,900
      2,505 SF

      Iconic Restaurant & Bar For Sale

      Turn-key restaurant and bar with room to grow on 1+ acre.
      1300 W Sherman Blvd, Muskegon, MI 49441
      View Details
    • $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
      View Details
    • $570,000
      9,690 SF

      Lakeside District Warehouse/Retail Opportunity

      9,690 SF multi-use building in Muskegon's Lakeside District.
      1812 Lakeshore Dr, Muskegon, MI 49441
      View Details
    • $369,900
      3,868 SF

      Muskegon Commercial Building For Sale

      3868 SF commercial building, rezoned for many uses.
      1787 Wagner Ave, Muskegon, MI 49442
      View Details
    • $165,000
      5,120 SF

      Versatile Commercial Building on Apple Avenue

      Adaptable commercial building suitable for various business uses.
      3639 E Apple Ave, Muskegon, MI 49442
      View Details
    • $549,900
      16,488 SF

      Versatile Commercial Building in Muskegon

      16,488 SF commercial building suitable for retail, events, warehousing.
      3367 Hoyt St, Muskegon, MI 49444
      View Details
    • $339,900
      Pending

      Muskegon Commercial Building on Whitehall

      Commercial building on 1.36 acres in thriving Whitehall Rd corridor.
      1343 Whitehall Rd, Muskegon, MI 49445
      View Details
    • $1,299,000
      14,985 SF

      Historic Landmark Building in Downtown Muskegon

      Restored Victorian building ideal for investment or owner-user opportunity.
      356 W Western Ave, Muskegon, MI 49440
      View Details
    • New
      $254,900
      5,016 SF

      Muskegon Commercial Building For Sale

      Large commercial building with C1 zoning and great potential.
      1099 Gordon St, Muskegon, MI 49442
      View Details
    • $500,000
      Pending

      Corner Office Building with Parking

      Centrally located office building with ample parking in Muskegon, MI.
      20 W Muskegon Ave, Muskegon, MI 49440
      View Details
    • $540,000
      3,191 SF

      Established Bar & Restaurant Landmark

      Landmark bar and restaurant near Lake Michigan.
      2998 N Scenic Dr, Muskegon, MI 49445
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious lot near schools, shopping, and recreation in Muskegon.
    Where is this residential land & home lot located?
    The property is located at 186 Vernon Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $16,900.
    What are key features of this property?
    This property features: - Spacious 60 x 133 foot lot.; - Building possibilities for a custom residence.; - Prime location on Vernon Avenue.
    (231) 343-3816
    Request Owner's contact information
    186 Vernon Ave Muskegon, MI 49445
    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.
    186 Vernon Ave
    Muskegon, MI 49445
    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
    186 Vernon Ave Muskegon, MI 49445
    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

    We can help!
    Listing Contact
    Cynthia Maurer
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!