Gray-Box Retail
For Sale
Contact for pricing
2037 E Laketon Avenue A, Muskegon, MI 49442
Tenant-specific improvements can be coordinated within a building that also contains a bar/restaurant.
Property Size3,600 SF
Price / SF$0.00
Days on Market54
Property Features for 2037 E Laketon Avenue A
General Information
Standard status
Active
Size
3,600 SF
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License #6501293444
(231) 578-2508
Source:
Jimdehaan
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 23 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Core Realty Partners LLC
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Investment Insights
Based on property information with market context.
This 3,600-square-foot retail space is offered in a gray-box condition, providing a clean starting point for tenant-specific improvements. The building owner will coordinate build-out with a qualified tenant, with the scope shaped by the intended use and tenant commitment.
The property is located at 2037 E Laketon Avenue, east of the US 31 interchange in Muskegon. A bar/restaurant occupies the remaining portion of the building, creating a multi-use commercial setting for the available retail area.
The property is located at 2037 E Laketon Avenue, east of the US 31 interchange in Muskegon. A bar/restaurant occupies the remaining portion of the building, creating a multi-use commercial setting for the available retail area.
Key Highlights
- 3,600 SF retail space
- Gray‑box condition supports tenant‑specific build‑out
- Owner will work with a qualified tenant on improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,537
Suggested Prices Based on Cap Rates
Cap Rate 5%
$930,740
$930.7K
Cap Rate 7%
$664,814
$664.8K
Cap Rate 9%
$517,078
$517.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$68.3K $18.96/SF
− Vacancy
−$1.8K −$0.49/SF
EGI
$66.5K $18.47/SF
− OpEx
−$19.9K −$5.54/SF
NOI
$46.5K $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%
$930,740
Cap Rate 7%
$664,814
Cap Rate 9%
$517,078
Alternative Uses
Best Use
Retail
$664.8K
$581.7K – $775.6K
NOI $46,537 @ 7.0% cap · market cap 387,808.33%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$33.81M
$29.58M – $39.44M
NOI $2,366,540 @ 7.0% cap · market cap 19,721,166.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 100%
Johnstone Supply
Home Improvements & Furnishings
1,731 visits/mo
0.4 miles
Demographics for 49442, MI
45,342
Population
17,759
Households
2.6
Avg Household Size
37
Median Age
11%
College-Educated
87%
High-School Grad
41.0 sq mi
ZIP Area
1,106
Density / Sq Mi
$50,069
Median Household Income
$33,257
Median Earnings
$889
Median Rent
$116,100
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
Frequently Asked Questions
What type of property is this?
Retail space - Tenant-specific improvements can be coordinated within a building that also contains a bar/restaurant.
Where is this retail space located?
The property is located at 2037 E Laketon Avenue A Muskegon, MI.
What are key features of this property?
This property features: 3,600 SF retail space; Gray‑box condition supports tenant‑specific build‑out; Owner will work with a qualified tenant on improvements
