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    OFF-MARKET
    Retail properties & Spaces

    Apple Ave, Muskegon, MI 49442

    6,200 SF 1.21 ac lot Built 1959
    Property ID
    Property summary
    AI-generated overview

    This exceptional commercial property, located on high-traffic Apple Avenue in Muskegon, Michigan, presents a unique investment opportunity. Situated just east of US 31, the building enjoys excellent visibility and is strategically positioned between a quick oil change/car wash to the west and a jewelry store to the east, ensuring high foot traffic. The property consists of a 6,200 square foot, single-story, three-unit commercial building constructed of durable cinder block. Ample parking is available for customers and tenants. The building is zoned C1, offering a variety of potential uses. Adding to its appeal, a residential house is included on the 1.21-acre parcel, providing additional income potential or the option for expansion. The property boasts 111 feet of prime road frontage on Apple Avenue, maximizing visibility and accessibility. Its proximity to Baker College and Muskegon Community College (less than 3вЃ„4 mile away) further enhances its desirability. This property is ideal for investors seeking a versatile commercial space with significant growth potential in a thriving location. The combination of high visibility, ample parking, and convenient location makes this an exceptional opportunity.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1959
    Total area 6,200 SF
    Lot 1.21 ac (52,708 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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