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    122 Muskegon Ave Muskegon, MI 49440

    Sponsored
    For Sale
    $600,000

    Prime 0.97-acre commercial land, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.97-acre commercial land parcel presents a remarkable development opportunity in the heart of Muskegon, Michigan. Located at 122 W Muskegon Ave, 49440, this high-visibility site boasts frontage on three streets, offering unparalleled exposure. Currently listed at $600,000, the property is situated directly across from City Hall, providing immediate access to municipal services and a prominent location within the thriving downtown area. The existing building will be removed, allowing for complete design flexibility. Preliminary plans suggest the potential for a substantial multi-family development, with estimates indicating the possibility of constructing over 68 one-bedroom apartments, each with a dedicated parking space. Alternatively, the site is well-suited for a 10,000 square foot early childhood education facility. The property's designation as an Opportunity Zone further enhances its investment appeal. The seller is open to selling the land outright or exploring joint venture partnerships to facilitate development. This is a unique chance to capitalize on the revitalization of downtown Muskegon and create a significant impact on the community. Don't miss this exceptional opportunity to acquire a prime development site in a rapidly growing area.

    Property Features for 122 Muskegon Ave

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • High‑visibility, 0.97‑acre commercial lot in downtown Muskegon, MI.
    • Located directly across from City Hall on Muskegon Ave.
    • Designated Opportunity Zone property.
    • Existing building to be demolished, allowing for flexible development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2468496
    Latitude
    43.2357336

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    FAQs

    What type of property is this?
    Land - Prime 0.97-acre commercial land, high visibility.
    Where is this land located?
    The property is located at 122 Muskegon Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: High-visibility, 0.97-acre commercial lot in downtown Muskegon, MI.; Located directly across from City Hall on Muskegon Ave.; Designated Opportunity Zone property.
    Request Owner's contact information
    122 Muskegon Ave Muskegon, MI 49440
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    Muskegon, MI 49440
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 Muskegon Ave Muskegon, MI 49440
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