Mixed-Use Property with Pole
New
For Sale
$459,900
7601 E Apple Avenue Commercial, Muskegon, MI 49442
The property combines a residence, office space, basement area, and a powered pole building for storage or workshop use.
Property Size2,400 SF
Lot Size10.00 Acres
Price / SF$191.63
Days on Market2
Property Features for 7601 E Apple Avenue Commercial
General Information
Standard status
Active
Size
2,400 SF
Lot size
10.00 Acres
Warehouse & Industrial
Warehouse Space
2,400 SF
Drive-In Doors
2
Power
100 amps
Additional Details
Road Access
Yes
Building Details
Stories
1
Construction
metal pole building
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Lisa Ross · License #6501409090
(231) 750-1932
Source:
Jimdehaan
Added: Oct 19
Last Checked: Oct 19 at 2:40PM
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.
Spanning approximately 10 acres across two parcels, this mixed-use property includes a residence and a heated attached three-stall garage. One garage bay has been converted to an office with a bathroom and separate entrance. The full basement has its own exterior access. The 40' x 60' metal pole building offers 2,400 SF, electricity with 100-amp service, a concrete floor, 12' and 8' overhead doors, and a service entrance. A separate 20' x 30' covered area accommodates RV or equipment storage. Geothermal heating and cooling serve the residence, and the roof was installed in 2019.
A paved asphalt driveway connects the improvements, with maneuvering and parking areas on site. The second parcel contains mature timber. The property fronts E Apple Avenue, and an existing billboard lease provides supplemental income. Zoning is mixed; permitted uses and future development are subject to township approval.
A paved asphalt driveway connects the improvements, with maneuvering and parking areas on site. The second parcel contains mature timber. The property fronts E Apple Avenue, and an existing billboard lease provides supplemental income. Zoning is mixed; permitted uses and future development are subject to township approval.
Key Highlights
- Approximately 10 acres across two parcels, with frontage on E Apple Avenue
- 40' x 60' metal pole building with electricity, 100‑amp service, concrete floor, 12' and 8' overhead doors, and service entrance
- Heated attached three‑stall garage; one bay is an office with bathroom and private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,954
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,080
$559.1K
Cap Rate 7%
$399,343
$399.3K
Cap Rate 9%
$310,600
$310.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.7K $14.04/SF
− Vacancy
−$809 −$0.34/SF
EGI
$32.9K $13.70/SF
− OpEx
−$4.9K −$2.06/SF
NOI
$28.0K $11.65/SF
Area
Muskegon County, MI
Vacancy
2.40%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,080
Cap Rate 7%
$399,343
Cap Rate 9%
$310,600
Alternative Uses
Best Use
Warehouse
$399.3K
$349.4K – $465.9K
NOI $27,954 @ 7.0% cap · market cap 6.08%
Second Best
Office B
$377.7K
$330.5K – $440.7K
NOI $26,439 @ 7.0% cap · market cap 5.75%
Theoretical Best
Hotel Hospitality
$22.54M
$19.72M – $26.29M
NOI $1,577,694 @ 7.0% cap · market cap 343.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a residence, office space, basement area, and a powered pole building for storage or workshop use.
Where is this mixed-use property located?
The property is located at 7601 E Apple Avenue Commercial Muskegon, MI.
What is the asking price?
The asking price for this property is $459,900.
What are key features of this property?
This property features: Approximately 10 acres across two parcels, with frontage on E Apple Avenue; 40' x 60' metal pole building with electricity, 100‑amp service, concrete floor, 12' and 8' overhead doors, and service entrance; Heated attached three‑stall garage; one bay is an office with bathroom and private entrance
