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    FOR SALE
    Industrial land

    4545 Evanston Ave, Muskegon, MI 49442

    48.37 ac lot
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-2673249
    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
    Implied cap rate, NOI & suggested price
    Cap 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
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Klo Acquisition LLC · 6 yrs held
    Klo Acquisition LLC
    since 2020
    Last sale
    $215,000
    2 recorded transactions
    2020
    2016
    Zoning & alternative use
    I2 · Muskegon, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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