Mixed-Use Property with Pole
For Sale
$479,900
7601 E Apple Avenue, Muskegon, MI 49442
A residence, converted office, and equipment-storage improvements support a live-work arrangement on two parcels.
Property Size4,465 SF
Lot Size10.00 Acres
Days on Market66
Property Features for 7601 E Apple Avenue
General Information
Standard status
Active
Size
4,465 SF
Lot size
10.00 Acres
Zoning
C2/R5 & C1/R5
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Warehouse Space
2,400 SF
Drive-In Doors
2
Power
100 amps
Taxes and HOA fees
Annual Taxes
$2,636
Amenities
Central Air
Natural Gas, Forced Air, Geothermal
Asphalt, Concrete
Building Details
Building Size
4,465 SF
Buildings
2
Stories
1
Listing Agency:
Core Realty Partners LLC
Listed By:
Lisa Ross · License #6501409090
(231) 750-1932
Source:
Evrealestate
Added: Aug 6
Changed: Oct 7
Last Checked: Oct 9 at 8:59PM
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
Investment Insights
Based on property information with market context.
This mixed-use property spans approximately 10 acres across two parcels and includes a residence with a heated, attached 3-stall garage. One garage bay has been converted to an office with a bathroom and private entrance. A full basement with its own exterior entrance adds storage or work area. The home has geothermal heating and cooling, and its roof was installed in 2019. A separate 40' x 60' metal pole building offers a concrete floor, electricity with 100-amp service, a 12' overhead door, and an additional 8' overhead door. The site also includes a 20' x 30' covered area for RV or equipment storage, plus paved access and space for parking and maneuvering.
Frontage along E Apple Avenue connects the property to a paved asphalt driveway. The second parcel contains mature timber, and an existing billboard lease provides supplemental income. Zoning is mixed; permitted uses and development are subject to township approval.
Frontage along E Apple Avenue connects the property to a paved asphalt driveway. The second parcel contains mature timber, and an existing billboard lease provides supplemental income. Zoning is mixed; permitted uses and development are subject to township approval.
Key Highlights
- Approximately 10 acres across two parcels, with frontage on E Apple Avenue
- Residence includes heated 3‑stall attached garage; one bay is an office with bathroom and private entrance
- 40' x 60' metal pole building has electricity, 100‑amp service, concrete floor, 12' overhead door, and 8' overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,567
Cap Rate
8.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,340
$771.3K
Cap Rate 7%
$550,957
$551.0K
Cap Rate 9%
$428,522
$428.5K
Market Conditions
NOI Build-Up for 4,465 SF
Gross rent
$65.4K $14.64/SF
− Vacancy
−$3.7K −$0.82/SF
EGI
$61.7K $13.82/SF
− OpEx
−$23.1K −$5.18/SF
NOI
$38.6K $8.64/SF
Area
Muskegon County, MI
Vacancy
5.60%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,340
Cap Rate 7%
$550,957
Cap Rate 9%
$428,522
Alternative Uses
Best Use
Office B
$702.7K
$614.9K – $819.8K
NOI $49,188 @ 7.0% cap · market cap 10.25%
Second Best
Mixed Use
$551.0K
$482.1K – $642.8K
NOI $38,567 @ 7.0% cap · market cap 8.04%
Theoretical Best
Hotel Hospitality
$41.93M
$36.69M – $48.92M
NOI $2,935,167 @ 7.0% cap · market cap 611.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A residence, converted office, and equipment-storage improvements support a live-work arrangement on two parcels.
Where is this mixed-use property located?
The property is located at 7601 E Apple Avenue Muskegon, MI.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Approximately 10 acres across two parcels, with frontage on E Apple Avenue; Residence includes heated 3‑stall attached garage; one bay is an office with bathroom and private entrance; 40' x 60' metal pole building has electricity, 100‑amp service, concrete floor, 12' overhead door, and 8' overhead door
