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    2725 Olthoff Dr Muskegon, MI 49444

    Sponsored
    For Sale
    $280,000

    Prime Muskegon industrial land, 28 acres, M-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 28.76-acre parcel of industrial land is situated within Muskegon's thriving Port City Industrial Park in Muskegon County, Michigan, at 2725 Olthoff Dr, 49444. The property is zoned M-1, offering significant development potential. The asking price is $280,000, translating to a land value of $0.22 per square foot. This strategically located site benefits from its inclusion in a recently expanded industrial park, with an additional 60 acres recently added to the area. Approximately 38 acres remain available for development, including this 28-acre parcel and a separate 10-acre parcel. The City of Muskegon actively seeks manufacturers and developers, prioritizing job creation and retention. The park boasts a strong roster of established businesses, including ADAC, SAF/Holland, Pace Industries, and GE Aviation, providing a robust and supportive industrial environment. This presents a unique opportunity for businesses seeking to establish or expand their operations in a well-established and growing industrial hub. The property's location offers excellent access to transportation infrastructure and a skilled workforce.

    Property Features for 2725 Olthoff Dr

    General Information

    Property type
    Land
    Lot Size
    1,252,786 SF

    HighLights

    • Muskegon's Port City Industrial Park offers available industrial land.
    • The park recently expanded by approximately 60 acres.
    • Available parcels include a 28‑acre and a 10‑acre site.
    • The City of Muskegon actively seeks manufacturers and developers.
    • Job creation and retention are key sale considerations.
    • Existing tenants include ADAC, SAF/Holland, Pace Industries, and GE Aviation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Clothing Store Building Supply Gym & Fitness Daycare Center Skin Care Clinic Auto Repair Shop Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.176594
    Latitude
    43.2068298

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    FAQs

    What type of property is this?
    Land - Prime Muskegon industrial land, 28 acres, M-1 zoning.
    Where is this land located?
    The property is located at 2725 Olthoff Dr Muskegon, MI.
    What is the asking price?
    The asking price for this property is $280,000.
    What are key features of this property?
    This property features: Muskegon's Port City Industrial Park offers available industrial land.; The park recently expanded by approximately 60 acres.; Available parcels include a 28-acre and a 10-acre site.
    Request Owner's contact information
    2725 Olthoff Dr Muskegon, MI 49444
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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
    2725 Olthoff Dr Muskegon, MI 49444
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