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Financial
Distress signals
Property profile

793 W Laketon Ave Muskegon, MI 49441

FOR SALE
Other commercial real estate
Property ID
US43-1539650
1,248 SF 0.23 ac lot Built 1995
Last sale Oct 2025 · $150,000
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a grocery and convenience store building constructed in 1995, located at 793 W Laketon Avenue in Muskegon. The building is configured for retail use and is described as requiring completion of remaining work prior to opening. The property has also been evaluated for conversion into a neighborhood retail beer and wine store, and there are existing steps related to the beer and wine licensing process and city planning adjustments for a proposed addition that would be carried forward as part of completing the intended retail concept.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$57k
Effective rate5.07%

Value estimate

· Oct 2026
$105k
$95k – $116k
AI approach$105k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$615
Operating expenses−$7k
NOI · 6.46% cap applied$16k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$44 – $136
Qualifying comparables9

Cap rate analysis

How does the asset earn?
6.46%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B-4
ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS ARTICLE XIII - B-4 GENERAL BUSINESS DISTRICTS PREAMBLE The B-4 General Business District is...
General categoryCOMMERCIAL
JurisdictionMUSKEGON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.2
Dental Office28.8
Restaurant27.0

Location

793 W Laketon Ave Muskegon, MI 49441
County assessor Recorded deeds · 5 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1957 Commerce, Muskegon, MI 49441-2644 $48,000 Jul 2025 1,624 SF
1430 Beidler, Muskegon, MI 49441-1804 $24,500 Jul 2025 1,740 SF
1095 Laketon, Muskegon, MI 49441-2972 $125,000 Jan 2025 2,149 SF
2565 Lakeshore, Muskegon, MI 49441-1388 $110,000 Oct 2024 1,208 SF
2033 Lakeshore, Muskegon, MI 49441-1610 $200,000 Jul 2024 1,280 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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