Property profile

1195 Western Ave Muskegon, MI 49441

OFF-MARKET
Industrial land
Property ID
US43-1202001
0.91 ac lot
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.91-acre vacant land parcel presents a unique investment opportunity in the heart of downtown Muskegon, Michigan. Strategically located adjacent to the burgeoning Adelaide Pointe lakefront development, this property offers unparalleled potential for a variety of commercial or industrial uses. Adelaide Pointe's ambitious mixed-use plan includes a marina, restaurant and retail spaces, a boat dealership, boat condominiums and storage, and residential condominiums, creating a vibrant and dynamic environment. The property's proximity to this exciting development ensures high visibility and accessibility, attracting a diverse range of potential clientele. The asking price of $365,000 reflects the significant value and growth potential inherent in this prime location. This is an exceptional chance to capitalize on the revitalization of downtown Muskegon and become a part of a thriving waterfront community. The property is situated at 1195 W Western Ave, Muskegon, MI 49441, in Muskegon County. Any development complementing the existing Adelaide Pointe project would be highly advantageous. This is a rare opportunity to acquire a sizable parcel in a rapidly developing area with significant long-term growth prospects. Don't miss out on this chance to secure a piece of Muskegon's exciting future.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 0.91 ac (39,640 SF)
Zoning code FBC-NE
APN 61-24-205-470-0006-00
UPID US43-1202001

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1195 Western Ave Muskegon, MI 49441
Muskegon metro Census 800 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2016
Price N/A

Zoning & alternative use

FBC-NE · Muskegon, MI
Zoning description

b. New pools shall not be located underneath existing overhead wiring. SECTION 2318: COTTAGE COURT DEVELOPMENTS Cottage court developments are permitted in the R zoning district and the Form Based Code zoning district’s…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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