Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    122 Muskegon Ave Muskegon, MI 49440

    Sponsored
    For Sale
    $600,000

    Prime Downtown Muskegon Land: 0.97 Acres, $600,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.97-acre commercial and multifamily-zoned land parcel presents a unique investment opportunity in the heart of downtown Muskegon, Michigan. Located at 122 W. Muskegon Avenue, this high-visibility site sits directly across from City Hall, offering unparalleled exposure and accessibility. The property is currently designated as an Opportunity Zone, providing significant tax advantages for qualified investors. The existing structure will be removed, allowing for immediate development. Pre-approved plans are available for a 68-unit one-bedroom apartment complex with on-site parking, making this an ideal project for developers seeking a turnkey solution. The property is being offered for sale at $600,000, representing a compelling land value per square foot. Alternatively, the owner is open to contributing the land to a development LLC, offering flexibility for various partnership structures. This prime location, coupled with the existing development plans and Opportunity Zone designation, makes this a truly exceptional investment opportunity in a rapidly growing downtown area. The property is owned by 122 LLC and is being offered for sale by owner. The sale includes all preliminary plans approved by the city of Muskegon. The property is zoned for commercial and multifamily use, providing a wide range of development possibilities. This is a rare chance to acquire a significant piece of land in a thriving Michigan city.

    Property Features for 122 Muskegon Ave

    General Information

    Property type
    Land
    Lot Size
    42,253 SF

    HighLights

    • High‑visibility downtown Muskegon location, surrounded by ongoing development.
    • Across from Muskegon City Hall.
    • Located in an Opportunity Zone.
    • Existing building to be demolished.
    • Preliminary plans show a 68‑unit, one‑bedroom apartment building with on‑site parking.
    • Property available for sale or land contribution to a development LLC.
    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

    Nearby Similar for Sale

    • New
      $575,000
      0.60 Acres

      Muskegon Multifamily Investment Portfolio

      Five-property portfolio in Muskegon with strong rental history and updated utilities.
      827 W Larch Ave, Muskegon, MI 49441
      View Details
    • $825,000
      8,950 SF

      Historic Queen Anne Victorian Office

      Restored 1889 Queen Anne Victorian with flexible use.
      318 Houston Ave, Muskegon, MI 49441
      View Details
    • $825,000
      0.20 Acres

      Historic Queen Anne Victorian Mansion

      Restored 1889 mansion near downtown Muskegon with income potential.
      318 Houston Ave, Muskegon, MI 49441
      View Details
    • $229,900
      0.17 Acres

      Updated Multifamily Home in Muskegon

      Multifamily home with updates, ideal for investors or owner-occupants.
      1514 6Th St, Muskegon, MI 49441
      View Details
    • $649,000
      16,488 SF

      Versatile Commercial Building Near Seaway Drive

      16,488 SF commercial building suitable for retail, events, or warehousing.
      3367 Hoyt St, Muskegon, MI 49444
      View Details
    • $309,900
      1,760 SF

      Renovated Retail Building Near Lake Michigan

      Recently renovated commercial property with potential for various business uses.
      3470 Memorial Dr, Muskegon, MI 49445
      View Details
    • $1,495,000
      39,204 SF

      Historic Downtown Muskegon Commercial Building

      Rare 39,204 SF historic building in revitalized downtown Muskegon.
      521 W Western Ave, Muskegon, MI 49440
      View Details
    • $1,400,000
      25,965 SF

      Historic Landmark Building in Downtown

      Restored commercial property in the heart of Muskegon.
      360 W Western Ave, Muskegon, MI 49440
      View Details
    • $1,299,000
      Pending

      Historic Landmark Building in Downtown Muskegon

      Restored Victorian building ideal for investment or owner-user opportunity.
      356 W Western Ave, Muskegon, MI 49440
      View Details
    • $264,900
      5,016 SF

      Muskegon Commercial Building For Sale

      5,016 sq ft commercial building in Muskegon Township.
      1099 Gordon St, Muskegon, MI 49442
      View Details
    • $209,900
      1,092 SF

      Turnkey Salon or Flexible Commercial Space

      Fully equipped salon or flexible commercial space, priced to sell!
      2238 Henry St, Muskegon, MI 49441
      View Details
    • $475,000
      16,120 SF

      Muskegon Industrial Building with Rail Access

      Versatile industrial space with loading dock and expansion potential.
      422 W Hovey Ave, Muskegon, MI 49444
      View Details

    FAQs

    What type of property is this?
    Land - Prime Downtown Muskegon Land: 0.97 Acres, $600,000
    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 downtown Muskegon location, surrounded by ongoing development.; Across from Muskegon City Hall.; Located in an Opportunity Zone.
    Request Owner's contact information
    122 Muskegon Ave Muskegon, MI 49440
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    122 Muskegon Ave
    Muskegon, MI 49440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.