Freestanding Retail
For Sale
$650,000
1930 Lakeshore Drive, Muskegon, MI 49441
Commercial Sale, Muskegon, MI
Property Size2,306 SF
Lot Size0.42 Acres
Price / SF$281.87
Days on Market467
Property Features for 1930 Lakeshore Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Muskegon
Middle school district
Muskegon
High school district
Muskegon
Directions
Take Lakeshore Drive to the property.
Subdivision
Muskegon County - M
Standard status
Active
APN
24205596000400
Size
2,306 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
25
Tax Description
CITY OF MUSKEGON REVISED PLAT OF 1903 WLY 16 FT LOT 3 & ELY 173 1/2 FT LOT 4 BLK 596
Tax Annual Amount
8314
Legal Description
CITY OF MUSKEGON REVISED PLAT OF 1903 WLY 16 FT LOT 3 & ELY 173 1/2 FT LOT 4 BLK 596
Utilities
Utilities
Cable Available
Heating system
Forced Air
Building Details
Year built
1969
Floors in Building
2
Number of units
1
Building materials
Block, Brick
Roof type
Composition
Listing Agency:
Five Star Real Estate-Holland
(616) 335-6050
Listed By:
Jared Brown · License #6501434065
(616) 414-0980
Added: Jun 26, 2025
Changed: Sep 7
Last Checked: Oct 5 at 11:06PM
MLS# 25031110
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 2,306-square-foot freestanding retail property sits on 0.42 acres and was built in 1969. The block-and-brick building includes two bathrooms, broadband access, forced-air heating, a composition roof, and cable availability. Its prior use as a full-service and gas station, followed by nearly two decades as a novelty candy store, provides documented commercial operating history.
Located at 1930 Lakeshore Drive in Muskegon, the property is positioned in the Lakeside District. The site has been associated with high visibility and heavy daily traffic in the surrounding area. The existing improvements offer a defined base for continued retail use or another commercial operation, subject to applicable approvals.
Located at 1930 Lakeshore Drive in Muskegon, the property is positioned in the Lakeside District. The site has been associated with high visibility and heavy daily traffic in the surrounding area. The existing improvements offer a defined base for continued retail use or another commercial operation, subject to applicable approvals.
Key Highlights
- 2,306 SF commercial building on 0.42 acres
- Block‑and‑brick construction with a composition roof
- Built in 1969
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,809
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$596,180
$596.2K
Cap Rate 7%
$425,843
$425.8K
Cap Rate 9%
$331,211
$331.2K
Market Conditions
NOI Build-Up for 2,306 SF
Gross rent
$43.7K $18.96/SF
− Vacancy
−$1.1K −$0.49/SF
EGI
$42.6K $18.47/SF
− OpEx
−$12.8K −$5.54/SF
NOI
$29.8K $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%
$596,180
Cap Rate 7%
$425,843
Cap Rate 9%
$331,211
Alternative Uses
Best Use
Retail
$425.8K
$372.6K – $496.8K
NOI $29,809 @ 7.0% cap · market cap 4.59%
Second Best
Specialty Retail
$366.4K
$320.6K – $427.5K
NOI $25,648 @ 7.0% cap · market cap 3.95%
Theoretical Best
Hotel Hospitality
$21.66M
$18.95M – $25.27M
NOI $1,515,901 @ 7.0% cap · market cap 233.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Block-and-brick commercial building with broadband, forced-air heat, and two bathrooms.
Where is this grocery and convenience store located?
The property is located at 1930 Lakeshore Drive Muskegon, MI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,306 SF commercial building on 0.42 acres; Block‑and‑brick construction with a composition roof; Built in 1969
