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2632 Park St Muskegon, MI 49444-1936

OFF-MARKET Industrial properties Google Maps
9,790 SF 0.76 ac lot Built 1945
Entity Owned Free & Clear
Estimated value (blended)
$485k
Range $437k – $534k (±10%)
Property ID US43-1304828

Property summary

AI-generated overview

This 9,790 square foot industrial building is available for purchase at $379,000. Strategically located near Business Route US 31 (Seaway Drive) in Muskegon, Michigan, this property sits on a 0.76-acre lot and is currently vacant, presenting a unique opportunity for various uses. The building's previous configuration as a two-tenant structure offers distinct advantages. Each section boasts separate utility metering, making it ideal for owner-occupancy with potential rental income or a straightforward investment opportunity. The building's size and layout are well-suited for a small-scale industrial or manufacturing operation, or as a substantial storage facility. Importantly, the property's zoning allows for cannabis-related businesses, including consumption lounges, grow facilities, and adult-use retail establishments, opening doors to a wider range of potential buyers and uses. This versatile property offers significant potential for growth and return on investment in a convenient and accessible location. The building's existing infrastructure, including separate metering, simplifies operations and enhances its appeal to a diverse pool of potential users. This is a rare opportunity to acquire a well-positioned industrial property with significant upside potential in a dynamic market. Serious inquiries are encouraged.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1945
Total area 9,790 SF
Lot 0.76 ac (33,236 SF)
Zoning code D2-IND
APN 61-26-185-179-0019-00
UPID US43-1304828

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$485k

Owner & transaction history

since 2025
Last sale
$85,000
7 recorded transactions
2025
$85,000
2019
$490,000
2019
$149,000
2019
$255,000
2014
$78,000
2014
Price N/A
2011
$77,145

Zoning & alternative use

D2-IND · Muskegon, MI

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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