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    150 Smt Ave Muskegon Heights, MI 49444

    Sponsored
    For Sale
    $800,000

    Historic Muskegon Heights property, ideal for redevelopment.

    Property size:
    40,008 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 40,008-square-foot property in Muskegon Heights, Michigan, presents a unique investment opportunity. Located at 150 E Summit Ave, this single-tenant complex sits on a sizable 3.06-acre lot (APN: 61-26-185-231-0001-00) and includes a church, school, and rectory. The church building itself can comfortably seat approximately 300 people. The adjacent school building boasts six classrooms, a fully equipped commercial kitchen, and a large gymnasium complete with locker rooms. The rectory features two floors, including a basement, and a four-car garage. The property also includes a substantial parking lot with space for four vehicles. This offering marks the first time this property has been available for purchase. The seller also owns adjacent land that may be available for purchase separately. This entire city block presents significant potential for adaptive reuse or redevelopment, offering a rare chance to acquire a substantial property in a desirable location. The asking price is $800,000, translating to $22.37 per square foot. This is a one-story building.

    Property Features for 150 Smt Ave

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    40,008 SF
    Lot Size
    133,294 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Exceptional 40,008‑square‑foot investment opportunity in Muskegon Heights, MI.
    • Located at 150 E Summit Ave on a 3.06‑acre lot (APN: 61‑26‑185‑231‑0001‑00).
    • Single‑tenant complex includes a 300‑seat church, six‑classroom school with commercial kitchen and gymnasium, and a two‑story rectory with four‑car garage.
    • Features ample parking for four vehicles.
    • First time on the market; $800,000 asking price ($22.37/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Muskegon Heights
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2405489
    Latitude
    43.1981128

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    FAQs

    What type of property is this?
    Church & religious facility - Historic Muskegon Heights property, ideal for redevelopment.
    Where is this church & religious facility located?
    The property is located at 150 Smt Ave Muskegon Heights, MI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Exceptional 40,008-square-foot investment opportunity in Muskegon Heights, MI.; Located at 150 E Summit Ave on a 3.06-acre lot (APN: 61-26-185-231-0001-00).; Single-tenant complex includes a 300-seat church, six-classroom school with commercial kitchen and gymnasium, and a two-story rectory with four-car garage.
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    150 Smt Ave Muskegon Heights, MI 49444
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    Muskegon Heights, 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
    150 Smt Ave Muskegon Heights, MI 49444
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