Property profile

449 Norton Ave Norton Shores, MI 49444

OFF-MARKET
Commercial real estate
Property ID
US43-0893201
2,456 SF 0.2 ac lot Built 1947
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional executive office building, located at 449 W Norton Ave in Norton Shores, Michigan, presents a unique investment opportunity. The property boasts 2,456 square feet of well-appointed office space, ideally suited for a variety of professional uses. Built in 1947, the building features four separate office areas, all complete with existing furniture and fixtures, providing immediate occupancy. An added benefit is the inclusion of a sizable storage area located upstairs, along with a detached outbuilding measuring 18 x 22 feet, offering versatile storage or expansion potential. Conveniently situated with easy access to Seaway Drive, the property also includes an easement providing parking for six vehicles on the east side of the building. The building's design incorporates features promoting accessibility and flexibility, making it adaptable to a wide range of business needs. The property sits on a 0.15-acre lot and is zoned GO. The Muskegon County property's APN is 6127107100001300. The asking price is $119,900, translating to $48.82 per square foot. This is a single-unit building on a single lot. All information should be independently verified by the buyer.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1947
Total area 2,456 SF
Lot 0.2 ac (8,712 SF)
Zoning code GO
APN 61-27-107-100-0013-00
UPID US43-0893201

Cap rate & NOI

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

Location

449 Norton Ave Norton Shores, MI 49444-3703
Norton Shores metro Census 2400 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$285k

Owner & transaction history

since 2024
3 recorded transactions
2024
Price N/A
2014
Price N/A
1969
Price N/A

Zoning & alternative use

GO · Norton Shores, MI
Zoning description

DIVISION 10. - GO GENERAL OFFICE DISTRICT Sec. 48-540. - Intent. The purpose of a separate general office district is to recognize the growing demand for offices in the city, and to make a distinction among the more comm…

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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