Retail Space for Beer &
W 793 W Laketon Avenue Unit SourceFi Muskegon, MI 49441
For Sale
$249,900
For-sale retail space on Laketon Ave in Muskegon with seller-advanced beer and wine licensing and city-repriced plans.
Property Size1,248 SF
Price / SF$200.24
Days on Market155
Property Features for W 793 W Laketon Avenue Unit SourceFi
General Information
Standard status
Active
Size
1,248 SF
Property subtype
Business Opportunities
Building Details
Year Built
1995
Listing Agency:
Nexes
(231) 578-0585
Listed By:
Greenridge
(231) 578-0585
Source:
Xome
Added: Feb 25
Changed: Jul 18
Last Checked: Jul 30 at 3:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Nexes
Investment Insights
Based on property information with market context.
This for-sale retail space at 793 W Laketon Avenue in Muskegon is positioned for high visibility along Laketon Ave and is set up for conversion to a neighborhood beer and wine store. The sellers have completed much of the groundwork, including securing the beer and wine license process, and buyers can focus on the remaining finishing touches to bring the space to the finish line.
Building plans have also been repriced by the City for the proposed addition, providing clarity and momentum as the project moves forward. Buyer and buyer’s agent to verify all information.
Building plans have also been repriced by the City for the proposed addition, providing clarity and momentum as the project moves forward. Buyer and buyer’s agent to verify all information.
Key Highlights
- For‑sale retail space at 793 W Laketon Ave in Muskegon along Laketon Ave.
- Seller has completed the beer and wine license process for the proposed store.
- City‑repriced building plans are available for a proposed addition.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.7k | $18.96 |
| − Vacancy | −$615 | −$0.49 |
| EGI | $23.0k | $18.47 |
| − OpEx | −$6.9k | −$5.54 |
| NOI | $16.1k | $12.93 |
1,248 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$230.5K
$201.7K – $268.9K
NOI $16,133 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$11.72M
$10.26M – $13.67M
NOI $820,401 @ 7.0% cap · market cap 328.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - For-sale retail space on Laketon Ave in Muskegon with seller-advanced beer and wine licensing and city-repriced plans.
Where is this retail space located?
The property is located at W 793 W Laketon Avenue Unit SourceFi Muskegon, MI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: For‑sale retail space at 793 W Laketon Ave in Muskegon along Laketon Ave.; Seller has completed the beer and wine license process for the proposed store.; City‑repriced building plans are available for a proposed addition.
