1921 Apple AveMuskegon, MI 49442

For Sale
$429,000

Income-producing commercial property, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 4,240 square foot executive office building situated on a 0.34-acre lot at 1921 E Apple Avenue in Muskegon, Michigan, 49442. Built in 1950, this single-building property features three separately metered office/retail suites, each with its own signage. Suite A boasts 1840 square feet, including a 600 square foot showroom, a private office, break room, storage, and workspace. Suites B and C, each measuring 1200 square feet, offer two private offices, a break room, reception area, and a customer waiting area. An outside loading ramp enhances functionality. The property enjoys a high-traffic location, just two blocks east of the Apple Ave/M46 & US 31 interchange, resulting in over 32,000 daily passing vehicles. The building's corner location at Apple Ave/M46 and Gordon provides excellent visibility and accessibility. The asking price is $429,000, with a price per square foot of $101.18. The property generates nearly $50,000 in gross annual rental income from long-term tenants. The 2022 taxable value was $215,067, with a State Equalized Value (SEV) of $219,500. Annual property taxes for 2022 totaled $11,815. The lot dimensions are 100x275 feet. The building's construction is a combination of block, concrete, and wood frame. The tax ID is 10-027-100-0001-00. This is a truly remarkable opportunity for investors seeking a stable, income-generating asset in a high-visibility location.

Highlights

  • Legal Description Available Upon Request
  • Assessed Value: $215,067
  • State Equalized Value (SEV): $219,500
  • 2022 Property Taxes: $11,815
  • No Homestead Exemption
  • No Special Assessments

Property Details for 1921 Apple Ave

Property type
Other retail properties, Other office properties
Square Feet
4,240 SF
Year Built
1950
Buildings
1
Lot Size (sq. ft)
14,810 SF
Units
1

Location Insight

City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.2339157
Longitude
-86.1962715
1921 Apple Ave, Muskegon, Michigan

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1921 Apple Ave
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