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    4545 Evanston Ave Muskegon, MI 49442

    Sponsored
    For Sale
    $1,956,000

    48-acre I-2 zoned site, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional 48-acre industrial land opportunity in Muskegon, Michigan, presents a significant development prospect. This I-2 zoned property boasts 34 acres of cleared, level land, ideal for immediate construction. The remaining 14 acres are level but forested. The site's strategic location offers easy access to major transportation arteries, being less than 4 miles east of US-31 and under 2 miles south of M-46. It's also conveniently situated less than 10 miles from Muskegon's Deep-Water Port via roadway. Geological surveys reveal a substantial sand base, with the top 26 feet consisting of sand, followed by 21 feet of water-bearing fine sand. While municipal water and sewer services are unavailable, the property's characteristics make it suitable for a well and septic system. The seller is open to exploring build-to-suit lease options, making this a versatile investment for developers seeking a prime location in a growing MSA. The asking price for this remarkable property is $1,956,000.

    Property Features for 4545 Evanston Ave

    General Information

    Property type
    Land
    Lot Size
    2,130,084 SF

    HighLights

    • 48 acres of developable industrial land.
    • Level site, ready for immediate development.
    • 26‑foot sand depth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store Kitchen & Bath Food Market HVAC Service Storage Facility Grocery Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.1335554
    Latitude
    43.210119

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    FAQs

    What type of property is this?
    Land - 48-acre I-2 zoned site, build-to-suit option.
    Where is this land located?
    The property is located at 4545 Evanston Ave Muskegon, MI.
    What is the asking price?
    The asking price for this property is $1,956,000.
    What are key features of this property?
    This property features: 48 acres of developable industrial land.; Level site, ready for immediate development.; 26-foot sand depth.
    Request Owner's contact information
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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
    4545 Evanston Ave Muskegon, MI 49442
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