Property profile

940 Turner Ave Muskegon, MI 49442

OFF-MARKET
Other commercial real estate
Property ID
US43-4335426
3,000 SF 0.39 ac lot
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 3,000 sq. ft., two-story building is located in Muskegon, Michigan on a 0.39-acre lot and is positioned at the end of the road. The main level includes 12-foot ceilings and the property has a loading dock. The site is fully fenced and includes a gated entry. The building is currently zoned industrial, and the city has indicated the possibility of rezoning to commercial or residential use. The layout is adaptable for uses such as a mechanic shop, small manufacturing, contractor workspace, or storage, and it could support a live/work configuration with potential living quarters upstairs. The property is adjacent to both residential and commercial properties.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,000 SF
Lot 0.39 ac (16,901 SF)
Zoning code I-1
APN 61-24-595-000-0020-00
UPID US43-4335426

Cap rate & NOI

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

Location

940 Turner Ave Muskegon, MI 49442-5822
Muskegon metro Census 401 MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$75k

Owner & transaction history

since 2026
Last sale
$71,350
3 recorded transactions
2026
$71,350
2024
$35,750
2021
$20,000

Zoning & alternative use

I-1 · Muskegon, MI
Zoning description

ARTICLE XIV - I-1 LIGHT INDUSTRIAL DISTRICTS SECTION 1401: SPECIAL LAND USES PERMITTED The following uses, and their accessory buildings and accessory uses, shall be permitted as a special land use if it is found to meet…

General category INDUSTRIAL

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 940 Turner Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message