50 Park St, Fruitport, MI 49415-9668
This 2,800 square foot vacant retail building, located at 50 Park St. in Fruitport Charter Township, Michigan (49415), presents a unique investment opportunity. Previously a Fifth Third Bank, the property boasts a prominent corner lot in downtown Fruitport, ensuring excellent visibility and accessibility for any business. The building, constructed in 1962, sits on a 1.09-acre parcel and features 27 surface parking spaces. With a high daily traffic count of 13,840 vehicles, this location offers significant potential for a variety of commercial uses. The asking price is $395,000, translating to $141.07 per square foot. The property is zoned 201 - Commercial, and its spacious layout and drive-thru capabilities offer considerable redevelopment potential. The property's parcel number is 41-150-027-0007-00. This is an owner/user investment opportunity with a vacant tenancy. The building's prime location and ample parking make it an ideal site for a variety of businesses seeking high visibility and convenient access in a thriving community. Consider the possibilities for this well-situated property in Muskegon County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
V-B · Fruitport, MIFruitport. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.