Property profile

1308 Sherman Blvd Muskegon, MI 49441

OFF-MARKET
Restaurants
Property ID
US43-1527573
5,304 SF 0.56 ac lot Built 1930
Entity Owned Free & Clear
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Property summary

AI-generated overview

The property consists of a 5,304-square-foot restaurant building on a corner lot totaling 0.57 acres, with dual access points and ample on-site parking. The building includes a second-floor apartment of approximately 1,800 square feet, which is suited to be used as an owner residence or for an on-site manager. The restaurant space is configured for food service, and the site has historically operated as a Mexican restaurant offering steaks and other menu items. The apartment is located on the second floor above the restaurant use, creating a mixed-use layout with separate residential occupancy potential within the same structure.

Property profile

Verified
Property type Restaurants
Use group COMMERCIAL (GENERAL)
Year built 1930
Total area 5,304 SF
Lot 0.56 ac (24,611 SF)
Zoning code B-4
APN 61-24-382-029-0014-00
UPID US43-1527573

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1308 Sherman Blvd Muskegon, MI 49441-3539
Muskegon metro Census 2100 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$335k

Owner & transaction history

since 2025
Last sale
$150,000
5 recorded transactions
2025
$150,000
2025
Price N/A
2014
Price N/A
2013
Price N/A
1969
Price N/A

Zoning & alternative use

B-4 · Muskegon, MI
Zoning description

ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is designed to provide for a wide variety of business activities including automotive…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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