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    OFF-MARKET
    Specialty properties

    150 Summit Ave, Muskegon Heights, MI 49444

    40,008 SF 3.06 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Specialty properties
    Total area 40,008 SF
    Lot 3.06 ac (133,294 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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