Property profile

50 Park St Fruitport, MI 49415

OFF-MARKET
Commercial real estate
Property ID
US43-1502961
2,808 SF 1.09 ac lot Built 1962
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1962
Total area 2,808 SF
Lot 1.09 ac (47,480 SF)
Zoning code V-B
APN 61-41-150-027-0007-00
UPID US43-1502961

Cap rate & NOI

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

Location

50 Park St Fruitport, MI 49415-9668
Fruitport metro Census 2800 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
$300k

Owner & transaction history

since 2025
Last sale
$315,000
1 recorded transaction
2025
$315,000

Zoning & alternative use

V-B · Fruitport, 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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