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Property summary
This exceptional redevelopment opportunity presents a vacant, 5,200 square foot, two-story brick building situated on a 0.21-acre lot in the heart of downtown Muskegon, Michigan. The property, located at 896 Jefferson St, Muskegon, MI 49440 (APN: 61-10-20-533-000), is currently vacant and offers significant potential for mixed-use development. The building is partially demolished inside, providing a blank canvas for a new vision. The property includes 17 parking spaces, a significant advantage in a bustling downtown area. A previous owner proposed plans for a convenience store on this site, and a liquor license may be available for an additional cost. This prime location benefits from its designation as an Opportunity Zone, potentially offering significant tax advantages. Furthermore, the City of Muskegon may provide additional redevelopment tax abatements, such as Obsolete Property Certificates, further enhancing the investment potential. The asking price is $350,000, translating to $67.31 per square foot. This presents a unique chance to capitalize on the revitalization of downtown Muskegon. Don't miss this chance to acquire a property with substantial upside in a thriving urban environment.
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
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
FBC-NC · Muskegon, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBC-NC in Muskegon, MI.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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