Iconic Commercial Property in
1930 Lakeshore Drive Muskegon, MI 49441
1930 Lakeshore Drive, Muskegon, MI, 49441
$650,000
For Sale
$650,000
COMMERCIAL - Muskegon, MI
Property Size2,306 SF
Lot Size0.42 Acres
Price / SF$281.87
Days on Market388
Property Features for 1930 Lakeshore Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Interior features
- Broadband
- 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
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
25 W 8th St, Ste 200, Holland, MI
Listed by
Jared Brown · License #6501434065
(616) 414-0980
Added: Jun 26, 2025 Checked: Jul 18 at 9:06 am
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 multi-use commercial property, situated in Muskegon's Lakeside District, offers significant exposure. The property, family-owned and operated since 1969, has a history of housing thriving businesses. Formerly a full-service and gas station, it currently operates as a novelty candy store for nearly two decades. Located on a 0.42-acre parcel, the 2306-square-foot property benefits from outstanding visibility and heavy daily traffic. This site is suitable for entrepreneurs or investors seeking a location in the Lakeside District.
Key Highlights
- Unbeatable exposure in Muskegon's Lakeside District due to high visibility and heavy daily traffic.
- Multi‑use commercial property suitable for a wide range of business models.
- Successful business history, including a thriving novelty candy store for nearly two decades.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $18.96 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.6k | $18.47 |
| − OpEx | −$12.8k | −$5.54 |
| NOI | $29.8k | $12.93 |
2,306 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - Multi-use commercial property with high visibility in Muskegon's Lakeside District.
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: Unbeatable exposure in Muskegon's Lakeside District due to high visibility and heavy daily traffic.; Multi‑use commercial property suitable for a wide range of business models.; Successful business history, including a thriving novelty candy store for nearly two decades.
