Brick Tudor-Style Office
For Sale
$189,900
1497 W Laketon, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size720 SF
Lot Size0.20 Acres
Price / SF$263.75
Days on Market63
Property Features for 1497 W Laketon
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
LFBC-LC
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Standard status
Active
APN
24-205-527-0001-00
Size
720 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
DIST:24 CITY/MUNI/TWP:MUSKEGON CITY SUBD:CITY OF MUSKEGON REVISED PLAT (OF 1903) SEC/TWN/RNG/MER:SEC 05 TWN 9N RNG 17W C
Tax Annual Amount
2286
Legal Description
DIST:24 CITY/MUNI/TWP:MUSKEGON CITY SUBD:CITY OF MUSKEGON REVISED PLAT (OF 1903) SEC/TWN/RNG/MER:SEC 05 TWN 9N RNG 17W C
Utilities
Utilities
Cable Available
Heating system
Forced Air
Amenities
multiple entrances
Building Details
Year built
1900
Number of units
1
Building materials
Brick
Listing Agency:
Medendorp Real Estate Group
(231) 777-7355
Listed By:
David Medendorp · License #6502399695
(231) 206-3367
Added: Aug 6
Changed: Sep 30
Last Checked: Oct 7 at 11:06AM
MLS# 26041228
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.
This 720-square-foot office unit is part of a brick commercial property constructed in 1900. The building has a Tudor-style exterior, multiple entrances, a bathroom, forced-air heating, broadband, and cable availability. On-site parking serves the property, which occupies a 0.2-acre corner lot.
The property is in Muskegon near Lake Michigan, Pere Marquette Beach, and downtown Muskegon. LFBC (Lakefront Business Commercial) zoning supports the property's commercial classification, while its corridor setting provides exposure for office, retail, and service-oriented uses identified in the listing information.
The property is in Muskegon near Lake Michigan, Pere Marquette Beach, and downtown Muskegon. LFBC (Lakefront Business Commercial) zoning supports the property's commercial classification, while its corridor setting provides exposure for office, retail, and service-oriented uses identified in the listing information.
Key Highlights
- 720 square feet of office space
- 0.2‑acre corner lot
- Brick construction with Tudor‑style exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,307
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,140
$186.1K
Cap Rate 7%
$132,957
$133.0K
Cap Rate 9%
$103,411
$103.4K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$13.7K $18.96/SF
− Vacancy
−$355 −$0.49/SF
EGI
$13.3K $18.47/SF
− OpEx
−$4.0K −$5.54/SF
NOI
$9.3K $12.93/SF
Area
Muskegon County, MI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,140
Cap Rate 7%
$132,957
Cap Rate 9%
$103,411
Alternative Uses
Best Use
Retail
$133.0K
$116.3K – $155.1K
NOI $9,307 @ 7.0% cap · market cap 4.90%
Second Best
Office B
$113.3K
$99.2K – $132.2K
NOI $7,932 @ 7.0% cap · market cap 4.18%
Theoretical Best
Hotel Hospitality
$6.76M
$5.92M – $7.89M
NOI $473,308 @ 7.0% cap · market cap 249.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
Explore this area
Business Placement
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Corner-lot office space with multiple entrances, on-site parking, and LFBC zoning.
Where is this office units located?
The property is located at 1497 W Laketon Muskegon, MI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: 720 square feet of office space; 0.2‑acre corner lot; Brick construction with Tudor‑style exterior
