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Property profile & analytics
OFF-MARKET
Individual retail properties
1087 Laketon Ave Muskegon, MI 49441-2972
Entity Owned
Free & Clear
Property ID
US43-1471263
Property summary
AI-generated overview
This commercial building offers 1800 square feet of space and is situated on W Laketon Avenue in Muskegon, MI 49441. The property is located on a 0.29-acre lot, near Muskegon Catholic Schools and en route to the Lakeside area and ferry docking location. Its layout and location make it adaptable for a variety of commercial uses, including both service and retail businesses. Environmental data is available.
Property profile
Verified
Property type
Individual retail properties
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
1,885 SF
Lot
0.29 ac (12,545 SF)
Zoning code
B-4
APN
61-24-480-003-0001-00
UPID
US43-1471263
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Black Wolf Capital LLC
Black Wolf Capital LLC
since 2026
3 recorded transactions
Zoning & alternative use
B-4 · Muskegon, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Muskegon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Muskegon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,958
Tax year 2023
Assessed value
$37,100
Assessed 2024
Previous assessed
$35,700
+3.9% YoY
Effective rate
5.28%
On assessed value
Total market value
$74,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Individual retail properties
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Rooms
1
Total area
1,885 SF
Lot
0.29 ac (12,545 SF)
Zoning code
B-4
APN
61-24-480-003-0001-00
UPID
US43-1471263
Jurisdiction
MUSKEGON
Zoning & alternative use
B-4 · Muskegon, MI
Zoning B-4 · permitted uses
B-4 · Muskegon, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Muskegon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Heating
NONE
Stories
1
Rooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Black Wolf Capital LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1087 W LAKETON AVE, MUSKEGON, MI 49441-2972
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2026
—
Black Wolf Capital LLC
Jacob Wierengo
Quitclaim Deed
related
—
May 16, 2025
—
Jacob Wierengo
—
Deed
related
$595,000 · Newtek Bank NA
Nov 22, 2024
—
Jacob Wierengo
1087 W Laketon LLC
Warranty Deed
$595,000 · Newtek Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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