Property profile

4545 Evanston Ave Muskegon, MI 49442

FOR SALE
Industrial land
Property ID
US43-2673249
48.37 ac lot
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional 48-acre industrial land opportunity in Muskegon, Michigan, presents a significant development prospect. This I-2 zoned property boasts 34 acres of cleared, level land, ideal for immediate construction. The remaining 14 acres are level but forested. The site's strategic location offers easy access to major transportation arteries, being less than 4 miles east of US-31 and under 2 miles south of M-46. It's also conveniently situated less than 10 miles from Muskegon's Deep-Water Port via roadway. Geological surveys reveal a substantial sand base, with the top 26 feet consisting of sand, followed by 21 feet of water-bearing fine sand. While municipal water and sewer services are unavailable, the property's characteristics make it suitable for a well and septic system. The seller is open to exploring build-to-suit lease options, making this a versatile investment for developers seeking a prime location in a growing MSA. The asking price for this remarkable property is $1,956,000.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 48.37 ac (2,106,997 SF)
Zoning code I2
APN 61-11-031-400-0004-00
UPID US43-2673249

Cap rate & NOI

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

Location

4545 Evanston Ave Muskegon, MI 49442
Muskegon metro Census 3100 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2020
Last sale
$215,000
2 recorded transactions
2020
Price N/A
2016
Price N/A

Zoning & alternative use

I2 · 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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More about this property
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