Retail Space for Beer &
W 793 W Laketon Avenue Unit SourceFi Muskegon, MI 49441
W 793 W Laketon Avenue Unit SourceFi, Muskegon, MI, 49441
$249,900
For Sale
$249,900
For-sale retail space on Laketon Ave in Muskegon with seller-advanced beer and wine licensing and city-repriced plans.
Property Size1,248 SF
Price / SF$200.24
Days on Market146
Property Features for W 793 W Laketon Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 1,248 SF
- Property subtype
- Business Opportunities
Building Details
- Year Built
- 1995
Listing agency
Nexes
(231) 578-0585
Listed by
Greenridge
(231) 578-0585
Source
Xome
Added: Feb 25 Updated: Jul 18 at 2:44AM Checked: Jul 21 at 3:11AM
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 Nexes
Investment Insights
Based on property information with market context.
This for-sale retail space at 793 W Laketon Avenue in Muskegon is positioned for high visibility along Laketon Ave and is set up for conversion to a neighborhood beer and wine store. The sellers have completed much of the groundwork, including securing the beer and wine license process, and buyers can focus on the remaining finishing touches to bring the space to the finish line.
Building plans have also been repriced by the City for the proposed addition, providing clarity and momentum as the project moves forward. Buyer and buyer’s agent to verify all information.
Building plans have also been repriced by the City for the proposed addition, providing clarity and momentum as the project moves forward. Buyer and buyer’s agent to verify all information.
Key Highlights
- For‑sale retail space at 793 W Laketon Ave in Muskegon along Laketon Ave.
- Seller has completed the beer and wine license process for the proposed store.
- City‑repriced building plans are available for a proposed addition.
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 | $23.7k | $18.96 |
| − Vacancy | −$615 | −$0.49 |
| EGI | $23.0k | $18.47 |
| − OpEx | −$6.9k | −$5.54 |
| NOI | $16.1k | $12.93 |
1,248 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.72M
$10.26M – $13.67M
NOI $820,401 @ 7.0% cap · market cap 328.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For-sale retail space on Laketon Ave in Muskegon with seller-advanced beer and wine licensing and city-repriced plans.
Where is this retail space located?
The property is located at W 793 W Laketon Avenue Unit SourceFi Muskegon, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: For‑sale retail space at 793 W Laketon Ave in Muskegon along Laketon Ave.; Seller has completed the beer and wine license process for the proposed store.; City‑repriced building plans are available for a proposed addition.
