1442 Broadway AveNorton Shores, MI 49444

Property Details for 1442 Broadway Ave

Year built

1945

Lot size

5.24 AC

Property size (Sq ft)

42,202 SF

Zone code

SUD

Property type

Commercial real estate

APN

61-27-104-200-0001-00

APU

6127104200000100

Description

This unique 5.24-acre commercial property located at 1442 E Broadway Ave, Norton Shores, MI 49444, presents a compelling investment opportunity. The property features a 42,202 square foot building constructed in 1945, situated on a single story. Currently zoned SUD (Special Use District), this site offers significant redevelopment potential. The existing building, a former school, has been vacant since at least 2010 and is in need of significant repair. The primary value lies in the land itself, offering a multitude of potential uses. Given its size and location, residential development is a possibility, subject to municipal approval. The property's asking price is $199,000, translating to $0.87 per square foot and $37,963 per acre. The property's history as a school may qualify it for brownfield incentives to assist with site clearing and demolition for future projects. This presents a rare chance to acquire a substantial land parcel in Muskegon County with considerable upside potential. The property's location within Norton Shores provides convenient access to local amenities and transportation routes. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

• Alternative Use

  Use

  Valuation

  Residential

  $8,822,576

  Hospitality

  $8,081,432

  Educational

  $6,723,656

  Medical

  $6,954,894

  Retail

  $10,459,022

Location Insight

City

Norton Shores

County

Muskegon

State

Michigan

Latitude

43.2022

Longitude

-86.2092

CBSA code

34740

CBSA name

MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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