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    1550 W Sherman Blvd Muskegon, MI 49444

    For Sale
    $682,954

    Veterinary hospital in a concentrated retail corridor with favorable demographics.

    Property size:
    3,000 SF
    Lot size:
    0.28 Acres

    Property Features for 1550 W Sherman Blvd

    General Information

    Size
    3,000 SF
    Lot size
    0.28 Acres

    Source: Matthews Real Estate Investment Services Agent Cameron Davodi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Veterinary Hospital Investment Opportunity

    This 3,000 square foot facility offers a wide range of services, including preventive care, vaccinations, dental care, microchipping, ultrasound, radiography, EKG, spay & neuter, soft tissue surgery, cremation, and euthanasia. Originally founded in 1970, this practice is a well-known staple in the Muskegon community. The property is situated in a well-established area, surrounded by a mix of residential communities, schools, parks, hospitals, and major retailers including The Home Depot, ALDI, Walmart, and Family Dollar. This asset caters to more than 85,000 residents within a 5-mile radius with an average household income exceeding $80,000. The lease features annual rental increases tied to the Consumer Price Index (CPI).
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Grace Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2819272
    Latitude
    43.2058427

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    FAQs

    What type of property is this?
    Medical office - Veterinary hospital in a concentrated retail corridor with favorable demographics.
    Where is this medical office located?
    The property is located at 1550 W Sherman Blvd Muskegon, MI.
    What is the asking price?
    The asking price for this property is $682,954.
    What are key features of this property?
    This property features: - Recession-resistant property: Veterinary hospitals are highly sought-after investments.; - Scheduled rental increases tied to the Consumer Price Index (CPI), providing a hedge against inflation.; - Favorable demographics: Caters to a large residential population with a high average household income.
    (310) 483-2633
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    Realmo Value Estimation

    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.

    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.

    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
    1550 W Sherman Blvd Muskegon, MI 49444
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