1765 Peck StMuskegon, MI 49441

Property Details for 1765 Peck St

Year built

1920

Lot size

0.81 AC

Property size (Sq ft)

11,572 SF

Zone code

B-4

Property type

Commercial real estate

APN

61-24-205-465-0001-00

APU

6124205465000100

Description

This exceptional Muskegon commercial property presents a compelling investment opportunity. Located directly across from Charles Hackley Middle School, the 11,572 square foot brick building enjoys high visibility and significant foot traffic. The property sits on a 0.8-acre lot and offers a versatile mix of commercial and residential space. The ground floor features a spacious and adaptable retail/office area, ideal for a variety of businesses seeking a central location within a thriving community. Adding to the income potential are three studio apartments, each boasting ample natural light and a private entrance. These apartments provide a consistent rental stream, further enhancing the property's return on investment. The classic brick exterior requires minimal maintenance, ensuring long-term cost-effectiveness. Its proximity to other businesses, restaurants, and residential areas guarantees a steady flow of potential customers and tenants. This property is priced at $1,500,000 and represents a rare chance to acquire a well-situated, income-generating asset in a desirable Muskegon location. The combination of commercial and residential space makes this an attractive option for investors seeking diversification and strong returns. The building's durable construction and prime location promise a stable and profitable investment for years to come.

• Alternative Use

  Use

  Valuation

  Residential

  $2,419,194

  Hospitality

  $2,215,969

  Educational

  $1,843,660

  Medical

  $1,907,067

  Retail

  $2,867,916

Location Insight

City

Muskegon

County

Muskegon

State

Michigan

Latitude

43.2205

Longitude

-86.245

CBSA code

34740

CBSA name

MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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