For Sale
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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I2 · Muskegon, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for I2 in Muskegon, MI.
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