Freestanding Retail
New
For Sale
$1,200,000
2345 E Apple Ave, Muskegon, MI 49442
An open interior, HVAC, natural light and on-site parking support a range of commercial configurations.
Property Size5,068 SF
Days on Market2
Property Features for 2345 E Apple Ave
General Information
Standard status
Active
Size
5,068 SF
Property subtype
Retail
Amenities
robust power supply
modern HVAC systems
high ceilings
ample natural light
on-site parking
Building Details
Building Size
5,068 SF
Year Built
1973
Buildings
1
Listing Agency:
Keystone Commercial Real Estate
Listed By:
Jason Orow · License #6501379713
(248) 406-1754
Source:
Keystonecres
Added: Oct 30
Last Checked: Oct 30 at 2:33PM
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 Keystone Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 2345 E Apple Ave in Muskegon, this freestanding retail building was constructed in 1973. Its open interior is complemented by high ceilings, natural light and HVAC, with on-site parking serving the property.
Pylon and building signage opportunities are available. The property sits along a thoroughfare described as heavily traveled, with access from regional routes.
Pylon and building signage opportunities are available. The property sits along a thoroughfare described as heavily traveled, with access from regional routes.
Key Highlights
- Freestanding retail building constructed in 1973
- Open interior with high ceilings and natural light
- HVAC and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,514
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,280
$1.3M
Cap Rate 7%
$935,914
$935.9K
Cap Rate 9%
$727,933
$727.9K
Market Conditions
NOI Build-Up for 5,068 SF
Gross rent
$96.1K $18.96/SF
− Vacancy
−$2.5K −$0.49/SF
EGI
$93.6K $18.47/SF
− OpEx
−$28.1K −$5.54/SF
NOI
$65.5K $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%
$1,310,280
Cap Rate 7%
$935,914
Cap Rate 9%
$727,933
Alternative Uses
Best Use
Retail
$935.9K
$818.9K – $1.09M
NOI $65,514 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$47.59M
$41.64M – $55.53M
NOI $3,331,563 @ 7.0% cap · market cap 277.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
63k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 13%
Groceries 12%
Electronics 8%
Corner Store
Shops & Services
11,049 visits/mo
0.1 miles
Dollar General
Shops & Services
8,273 visits/mo
0.4 miles
Save-A-Lot
Groceries
7,628 visits/mo
0.3 miles
Little Caesars Pizza
Dining
6,832 visits/mo
0.1 miles
The UPS Store
Shops & Services
6,136 visits/mo
0.5 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - An open interior, HVAC, natural light and on-site parking support a range of commercial configurations.
Where is this retail space located?
The property is located at 2345 E Apple Ave Muskegon, MI.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Freestanding retail building constructed in 1973; Open interior with high ceilings and natural light; HVAC and on‑site parking
