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    Kent City Mixed-Use Building Title is generated by Realmo AI

    7 E Muskegon Street, Kent City, MI 49330

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    Claim this Listing
    For Sale
    Under Contract
    $324,900

    Real Estate Only - Kent City, MI

    Property size:
    10,353 SF
    Lot size:
    0.22 Acres
    Price / SF:
    $31/SF
    Added:
    Oct 20, 2025
    Days on Market:
    214
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 7 E Muskegon Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active Under Contract
    APN
    410128353004
    Size
    10,353 SF
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6503

    Building Details

    Year built
    1850
    Year renovated
    2005
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    James M Galbraith

    Listing agent James M Galbraith

    Listing office James M Galbraith 31550 Northwestern Hwy Suite 200, Farmington HIlls, MI

    Listing date Oct 20, 2025

    MLS# 20251047255 Listing URL

    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime corner location with excellent visibility and signage potential.
    • Mixed‑use building featuring three retail suites and three residential apartments, offering immediate income potential.
    • Substantial size: Approximately 10,353 square feet.
    • Zoned C‑1 Neighborhood Business District, allowing for versatile commercial and residential uses.
    • Renovated in 2005.
    • High‑foot traffic area with strong local demographics.

    Overview

    Located at the corner of E. Muskegon Street and N. Main Street in Kent City, MI, this mixed-use building offers a unique opportunity. The property, situated on approximately 0.22 acres, features a 10,353 square foot building with three ground-floor retail suites and three second-floor residential apartments, providing immediate income potential. Originally constructed in 1850 and renovated in 2005, the property is zoned C-1 Neighborhood Business District, which supports a wide range of commercial and residential uses. The corner lot provides excellent visibility and signage potential in a high-foot traffic area. This property is suitable for investors, owner-occupants, or developers seeking flexible space in a growing market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lonely Broken Woman Publishing House Mystic Mug Café Cafe & Coffee Shop Rising Phoenix Specialty ... Furniture & Home Goods Blondie Blossom Boutique Clothing & Fashion Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kent City
    County
    Kent
    State
    Michigan
    Longitude
    -85.753006
    Latitude
    43.219707

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential units in Kent City.
    Where is this mixed-use property located?
    The property is located at 7 E Muskegon Street Kent City, MI.
    What is the asking price?
    The asking price for this property is $324,900.
    What are key features of this property?
    This property features: Prime corner location with excellent visibility and signage potential.; Mixed‑use building featuring three retail suites and three residential apartments, offering immediate income potential.; Substantial size: Approximately 10,353 square feet.
    (248) 865-0066
    We can help!
    Listing Contact
    James M Galbraith
    Learn More
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    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
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