122 Muskegon Ave Muskegon, MI 49440
- Commercial real estate
- 3,165 SF
- 0.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 122 Muskegon Ave
- Year built
- 1994
- Lot size
- 0.97 lot acres
- Property size
- 3,165 SF
- Zone code
- FBC-NC
- Property type
- Commercial real estate
- APN
- 61-24-205-331-0001-00
- APU
- 6124205331000100
Description
This exceptional 0.97-acre commercial land parcel presents a remarkable development opportunity in the heart of Muskegon, Michigan. Located at 122 W Muskegon Ave, 49440, this high-visibility site boasts frontage on three streets, offering unparalleled exposure. Currently listed at $600,000, the property is situated directly across from City Hall, providing immediate access to municipal services and a prominent location within the thriving downtown area. The existing building will be removed, allowing for complete design flexibility. Preliminary plans suggest the potential for a substantial multi-family development, with estimates indicating the possibility of constructing over 68 one-bedroom apartments, each with a dedicated parking space. Alternatively, the site is well-suited for a 10,000 square foot early childhood education facility. The property's designation as an Opportunity Zone further enhances its investment appeal. The seller is open to selling the land outright or exploring joint venture partnerships to facilitate development. This is a unique chance to capitalize on the revitalization of downtown Muskegon and create a significant impact on the community. Don't miss this exceptional opportunity to acquire a prime development site in a rapidly growing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Muskegon
- County
- Muskegon
- State
- Michigan
- Longitude
- -86.2468
- Latitude
- 43.2357
- CBSA code
- 34740
- CBSA name
- MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
