Mixed-Use Property with Pole
For Sale
$479,900
7601 E Apple Avenue, Muskegon, MI 49442
Commercial Sale, Muskegon, MI
Property Size4,465 SF
Lot Size9.75 Acres
Price / SF$107.48
Days on Market68
Property Features for 7601 E Apple Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C2/R5 & C1/R5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Elementary school district
Oakridge
Middle school district
Oakridge
High school district
Oakridge
Standard status
Active
APN
11-026-200-0002-00
Size
4,465 SF
Lot size
9.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Attached.
Tax Annual Amount
2636
Legal Description
Attached.
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Floors in Building
1
Number of units
2
Building materials
Aluminum Siding, Vinyl Siding, Wood Siding
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Lisa Ross · License #6501409090
(231) 750-1932
Added: Jul 31
Changed: Oct 2
Last Checked: Oct 6 at 11:06AM
MLS# 26051998
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.
Spanning 9.75 acres, this mixed-use property includes a residence and a 40' x 60' metal pole building. The residence has a heated attached three-stall garage, with one bay converted to an office featuring a bathroom and separate entrance. A basement with its own exterior access offers additional space. Geothermal heating and cooling serve the residence, and the roof was installed in 2019.
The pole building contains 2,400 square feet, electricity with 100-amp service, a concrete floor, a 12' overhead door, an additional 8' overhead door, and a service entrance. A separate 20' x 30' covered area accommodates RV or equipment storage. The site also has a paved asphalt driveway and room for vehicle maneuvering and parking, with frontage on E Apple Avenue.
The property consists of two parcels. Mature timber occupies the second parcel, and a billboard lease generates supplemental income. Zoning is mixed; permitted uses and development are subject to township approval.
The pole building contains 2,400 square feet, electricity with 100-amp service, a concrete floor, a 12' overhead door, an additional 8' overhead door, and a service entrance. A separate 20' x 30' covered area accommodates RV or equipment storage. The site also has a paved asphalt driveway and room for vehicle maneuvering and parking, with frontage on E Apple Avenue.
The property consists of two parcels. Mature timber occupies the second parcel, and a billboard lease generates supplemental income. Zoning is mixed; permitted uses and development are subject to township approval.
Key Highlights
- 9.75 acres across two parcels with frontage on E Apple Avenue
- 40' x 60' pole building with 2,400 SF, 100‑amp service, and concrete floor
- Pole building has 12' and 8' overhead doors plus a service entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,567
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,340
$771.3K
Cap Rate 7%
$550,957
$551.0K
Cap Rate 9%
$428,522
$428.5K
Market Conditions
NOI Build-Up for 4,465 SF
Gross rent
$65.4K $14.64/SF
− Vacancy
−$3.7K −$0.82/SF
EGI
$61.7K $13.82/SF
− OpEx
−$23.1K −$5.18/SF
NOI
$38.6K $8.64/SF
Area
Muskegon County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,340
Cap Rate 7%
$550,957
Cap Rate 9%
$428,522
Alternative Uses
Best Use
Office B
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 10.25%
Second Best
Mixed Use
$551.0K
$482.1K – $642.8K
NOI $38,567 @ 7.0% cap · market cap 8.04%
Theoretical Best
Hotel Hospitality
$41.93M
$36.69M – $48.92M
NOI $2,935,167 @ 7.0% cap · market cap 611.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
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?
Mixed-use property - A two-parcel holding combines residential space, an office, and dedicated equipment storage.
Where is this mixed-use property located?
The property is located at 7601 E Apple Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 9.75 acres across two parcels with frontage on E Apple Avenue; 40' x 60' pole building with 2,400 SF, 100‑amp service, and concrete floor; Pole building has 12' and 8' overhead doors plus a service entrance
