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

    2256 E Apple Avenue Muskegon, MI 49442

    View on Map
    For Sale
    $284,900

    COMMERCIAL - Muskegon, MI

    Property size:
    2,418 SF
    Lot size:
    1.22 Acres
    Added:
    Jan 28, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 1 at 8:06 am

    Property Features for 2256 E Apple Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Interior features
    Broadband
    Standard status
    Active
    APN
    62-10-688-012-0005-00
    Size
    2,418 SF
    Lot size
    1.22 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lengthy Legal See Attached Documents
    TaxAnnualAmount
    4296

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air

    Building Details

    Year built
    1959
    Number of units
    1

    We can help!

    Listing Contact
    Susan Besteman

    Listing agent Susan Besteman License #6502417127

    Listing office Besteman Properties Group Inc. 1671 Mulder Drive, Muskegon, MI

    Listing date Jan 28, 2026

    MLS# 26003281

    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.

    Overview

    Commercial Property on Apple Avenue

    This commercial property is situated on high-traffic Apple Ave, just east of US 31, offering great visibility. It is located approximately 3/4 mile from Baker and Muskegon Community Colleges. The stand-alone, one-story commercial building is constructed of solid cinder block and includes ample parking. Zoned C1, the property offers many opportunities. Previously, the site housed a successful M46 Power Sports & Marine business, which operated as a motor sports dealership and serviced personal watercraft, ATVs, and UTVs. The property includes a house behind the commercial building and is part of a 1.22-acre parcel with 143 feet of road frontage. The building size is 2418 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1877406
    Latitude
    43.2346093

    Nearby Similar for Sale

    • $369,900
      3,868 SF

      Muskegon Commercial Building For Sale

      3868 SF commercial building, rezoned for many uses.
      1787 Wagner Avenue, 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 Avenue, Muskegon, MI 49442
      View Details
    • $350,000
      8,967 SF

      Muskegon Office Building For Sale

      8,967 SF stand-alone building, recently renovated, suitable for office use.
      721 W Laketon Avenue unit: Office, Muskegon, MI 49441
      View Details
    • $1,350,000
      6,522 SF

      Muskegon Commercial Investment Opportunity

      Downtown Muskegon property with new improvements, suitable for restaurant/bar.
      1208 8th Street, Muskegon, MI 49440
      View Details
    • $225,000
      3,168 SF

      Operating Car Wash Investment Opportunity

      Fully operational 6-bay self-service car wash for sale.
      1671 E River Road, Muskegon, MI 49445
      View Details
    • $375,000
      4,320 SF

      Muskegon Commercial Building on Whitehall

      Well-maintained commercial building on high-traffic road, ideal for business.
      2865 Whitehall Road, 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 Avenue, Muskegon, MI 49440
      View Details
    • $269,900
      1,248 SF

      Retail Property on Laketon Avenue

      High-visibility retail property primed for a beer and wine store.
      793 W Laketon Avenue, Muskegon, MI 49441
      View Details
    • $140,000
      1,152 SF

      Muskegon Commercial Property For Sale

      Commercial property with equipment included, potential for various food businesses.
      2106 S Getty Street, Muskegon, MI 49444
      View Details
    • $174,900
      6,027 SF

      Turnkey Office Building in Muskegon

      6,027 SF office building with furniture and ample parking.
      1170 W Southern Avenue, Muskegon, MI 49441
      View Details
    • $199,900
      3,375 SF

      Muskegon Commercial Storage Facility

      Updated 3,375 sq ft facility with 13 heated storage units.
      2930 Heights Ravenna Road, Muskegon, MI 49444
      View Details
    • $350,000
      22,484 SF

      Muskegon Industrial Building on 1.86 Acres

      Two-story industrial building suitable for manufacturing, storage, or redevelopment.
      783 Yuba Street, Muskegon, MI 49442
      View Details

    FAQs

    What type of property is this?
    Automotive property - High-visibility commercial property with ample parking and road frontage.
    Where is this automotive property located?
    The property is located at 2256 E Apple Avenue Muskegon, MI.
    What is the asking price?
    The asking price for this property is $284,900.
    What are key features of this property?
    This property features: High‑traffic location on Apple Ave. near US 31 with excellent visibility.; Zoned C1, offering many commercial opportunities.; Large 1.22 acre parcel with 143 ft of road frontage.
    (616) 890-0198
    We can help!
    Listing Contact
    Susan Besteman
    Real Estate License ID: 6502417127
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!