122 Muskegon AveMuskegon, MI 49440

For Sale
$600,000

Prime Downtown Muskegon Land: 0.97 Acres, $600,000

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 0.97-acre commercial and multifamily-zoned land parcel presents a unique investment opportunity in the heart of downtown Muskegon, Michigan. Located at 122 W. Muskegon Avenue, this high-visibility site sits directly across from City Hall, offering unparalleled exposure and accessibility. The property is currently designated as an Opportunity Zone, providing significant tax advantages for qualified investors. The existing structure will be removed, allowing for immediate development. Pre-approved plans are available for a 68-unit one-bedroom apartment complex with on-site parking, making this an ideal project for developers seeking a turnkey solution. The property is being offered for sale at $600,000, representing a compelling land value per square foot. Alternatively, the owner is open to contributing the land to a development LLC, offering flexibility for various partnership structures. This prime location, coupled with the existing development plans and Opportunity Zone designation, makes this a truly exceptional investment opportunity in a rapidly growing downtown area. The property is owned by 122 LLC and is being offered for sale by owner. The sale includes all preliminary plans approved by the city of Muskegon. The property is zoned for commercial and multifamily use, providing a wide range of development possibilities. This is a rare chance to acquire a significant piece of land in a thriving Michigan city.

Highlights

  • High-visibility downtown Muskegon location, surrounded by ongoing development.
  • Across from Muskegon City Hall.
  • Located in an Opportunity Zone.
  • Existing building to be demolished.
  • Preliminary plans show a 68-unit, one-bedroom apartment building with on-site parking.
  • Property available for sale or land contribution to a development LLC.

Property Details for 122 Muskegon Ave

Property type
Other land, Land
Lot Size (sq. ft)
42,253 SF

Location Insight

City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.2357336
Longitude
-86.2468496
122 Muskegon Ave, Muskegon, Michigan

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
122 Muskegon Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message