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

    793 W Laketon Ave Muskegon, MI 49441

    Sponsored
    For Sale
    $269,900

    COMMERCIAL - Muskegon, MI

    Property size:
    1,248 SF
    Lot size:
    0.23 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 8:06 pm

    Property Features for 793 W Laketon Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    24-131-100-0001-00
    Parking
    15
    Interior features
    Broadband
    Size
    1,248 SF
    Lot size
    0.23 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1995
    Number of units
    1

    We can help!

    Listing Contact
    Thomas Blake

    Greenridge - Nexes (231) 739-3501

    Listing agent Thomas Blake (231) 739-3501

    Listing date Feb 27, 2026

    MLS# 26007280

    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.

    Learn more

    Property Insight Report

    Overview

    Retail Property on Laketon Avenue

    Located on Laketon Avenue in Muskegon, this 1248-square-foot retail property is positioned for transformation into a neighborhood beer and wine store. The groundwork has been laid to facilitate this transition. The sellers have secured the beer and wine license process. Building plans have been repriced by the City for the proposed addition. The property offers an opportunity to fast-track a retail concept. The lot size is 0.23 acres. Buyer and buyer's agent to verify all information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Green craft llc

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.26245
    Latitude
    43.219647

    Nearby Similar for Sale

    • $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
    • New
      $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
    • New
      $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
    • New
      $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
    • $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
    • $399,900
      1,740 SF

      Established Disc Golf Retail Business

      Turn-key disc golf retail business, building, and stock for sale.
      3142 Glade St, Muskegon, MI 49444
      View Details
    • New
      $1,350,000
      6,522 SF

      Muskegon Commercial Investment Opportunity

      Downtown Muskegon property with new improvements, suitable for restaurant/bar.
      1208 8Th St, Muskegon, MI 49440
      View Details
    • New
      $245,000
      4,516 SF

      High-Traffic Commercial Opportunity in Muskegon

      Commercial property in high-traffic location near Gerber Collision and VA Hospital.
      3010 E Apple Ave, Muskegon, MI 49442
      View Details
    • $159,000
      1,007 SF

      Downtown Muskegon Commercial Opportunity

      Versatile commercial building in downtown Muskegon, ideal for office space.
      986 Pine St, Muskegon, MI 49442
      View Details
    • New
      $209,900
      1,092 SF

      Turnkey Salon or Flexible Commercial Space

      Fully equipped salon or flexible commercial space, priced to sell!
      2238 Henry St, Muskegon, MI 49441
      View Details
    • New
      $279,900
      1,682 SF

      Muskegon Auto Repair Building

      Well-maintained auto repair building on a spacious corner lot.
      2189 Whitehall Rd, Muskegon, MI 49445
      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 Ave, Muskegon, MI 49441
      View Details

    FAQs

    What type of property is this?
    Storefront property - High-visibility retail property primed for a beer and wine store.
    Where is this storefront property located?
    The property is located at 793 W Laketon Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - High-visibility location on Laketon Ave.; - Primed for transformation into a neighborhood beer and wine store.; - Beer and wine license process already secured, saving time and stress.
    (231) 578-0585
    Request Owner's contact information
    793 W Laketon Ave Muskegon, MI 49441
    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.
    793 W Laketon Ave
    Muskegon, MI 49441
    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
    793 W Laketon Ave Muskegon, MI 49441
    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
    Thomas Blake
    (231) 578-0585 (231) 739-3501
    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!