Financial
Distress signals
Property profile

1050 Western Ave Muskegon, MI 49441

OFF-MARKET
Commercial real estate
Property ID
US43-1775601
50,034 SF 6.15 ac lot Built 1903
Last sale Aug 2023 · $120,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 1050 W Western Ave, Muskegon, MI 49441, Fricano Place Suites offers premium office space in a historic building. This Class B, 50,034 square foot building, constructed in 1903, features one elevator and ample on-site parking. The property sits on 10.6 acres and is zoned B-2. Three meticulously designed suites are currently available on the third floor, ranging from 300 to 1,300 contiguous square feet

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$49k
Tax billed · 2023
Assessed value · 2024$1.24M
Effective rate3.95%

Value estimate

· Sep 2026
$555k
$500k – $611k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$83/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$44 – $136

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B-2
In a B-2 Convenience and Comparison Business District no building or land shall be used and no building shall be erected, structurally al...
General categoryCOMMERCIAL
JurisdictionMUSKEGON

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office23.1
Realty agency19.6
Building Supply18.0

Location

1050 Western Ave Muskegon, MI 49441-1694
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3505 Marina Vw, Muskegon, MI 49441-6406 $750,000 Mar 2025 6,516 SF
1916 Sanford, Muskegon, MI 49441-2539 $100,000 Feb 2025 18,880 SF
1901 Peck, Muskegon, MI 49441-2534 $250,000 Feb 2025 18,586 SF
2330 Barclay, Muskegon, MI 49441-3204 $1,800,000 Jan 2025 15,160 SF
825 Western, Muskegon, MI 49441-1665 $350,000 Jan 2025 44,592 SF
174 Sinclair, Norton Shores, MI 49441-5545 $400,000 Jun 2024 11,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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