Retail Bank Storefront with Multiple
2133 East Apple Avenue Muskegon, MI 49442
2133 East Apple Avenue, Muskegon, MI, 49442
$525,000
For Sale
$525,000
Multiple access points and excellent visibility support a range of commercial uses at this sale-ready storefront property.
Property Size2,828 SF
Lot Size0.76 Acres
Price / SF$185.64
Days on Market49
Property Features for 2133 East Apple Avenue
General Information
- Standard status
- Active
- Size
- 2,828 SF
- Lot size
- 0.76 Acres
- Property subtype
- Retail
Listing Agency
(616) 485-4131
Listed by
Cameron Timmer · License #MI 6501380200
(616) 485-4131
Source
Cbre
Added: Jun 3 Updated: Jul 10 at 3:59 pm Checked: Jul 20 at 4:26 am
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 Cameron Timmer
Investment Insights
Based on property information with market context.
This retail bank storefront offers 2,828 SF on 0.76 acres, with multiple access points and excellent visibility. The property is being marketed as having a variety of potential uses, positioned for tenants and operators looking for a storefront configuration with straightforward site access.
The sale notes that all Fifth Third and Comerica sales are subject to a Financial Institution deed restriction and will not close until September. The listing also highlights the property’s visibility as a practical factor for retail and service-oriented concepts.
For a buyer or operator, the combination of multiple entry points and prominent site presence can be beneficial for businesses that rely on direct customer access. The deed restriction referenced for Fifth Third/Comerica sales is an important consideration for underwriting timing and permitted use requirements for any related closing path. Prospective parties should review the deed restriction details and the September closing timing as part of their decision-making process.
The sale notes that all Fifth Third and Comerica sales are subject to a Financial Institution deed restriction and will not close until September. The listing also highlights the property’s visibility as a practical factor for retail and service-oriented concepts.
For a buyer or operator, the combination of multiple entry points and prominent site presence can be beneficial for businesses that rely on direct customer access. The deed restriction referenced for Fifth Third/Comerica sales is an important consideration for underwriting timing and permitted use requirements for any related closing path. Prospective parties should review the deed restriction details and the September closing timing as part of their decision-making process.
Key Highlights
- 2,828 SF storefront on 0.76 acres
- Multiple access points for convenient ingress/egress
- Excellent visibility to support commercial foot traffic and passing vehicles
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 | $53.6k | $18.96 |
| − Vacancy | −$1.4k | −$0.49 |
| EGI | $52.2k | $18.47 |
| − OpEx | −$15.7k | −$5.54 |
| NOI | $36.6k | $12.93 |
2,828 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 6.96%
Second Best
Specialty Retail
$449.3K
$393.2K – $524.2K
NOI $31,454 @ 7.0% cap · market cap 5.99%
Theoretical Best
Hotel Hospitality
$26.56M
$23.24M – $30.98M
NOI $1,859,049 @ 7.0% cap · market cap 354.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Multiple access points and excellent visibility support a range of commercial uses at this sale-ready storefront property.
Where is this bank located?
The property is located at 2133 East Apple Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,828 SF storefront on 0.76 acres; Multiple access points for convenient ingress/egress; Excellent visibility to support commercial foot traffic and passing vehicles
