Muskegon, MI
Commercial Real Estate Market Trends & Data

$139 Avg asking sale price
$21 Avg asking lease rate
27,574 SF Avg unit lease size
59,554 SF Avg building size for sale
7.47% Average cap rate

Muskegon's Demographic Profile

Muskegon has 14,858 households and a median income of $39,072, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 38,490
# Households 14,858
Median age 39
Median household income $39,072
Avg household size 2.0
Renter-occupied housing units 7,371
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Muskegon, MI

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Muskegon $96 28,642 SF 9.72%
Muskegon Heights $116 1,999 SF 7.32%
Norton Shores $83 1,999 SF 7.32%
Nearby Retail Markets Avg Cost/SF Typical Size
Muskegon $114 31,704 SF
Muskegon Heights $75 45,160 SF
Norton Shores $71 59,054 SF
Ferrysburg $172 40,428 SF
Whitehall $148 2,739 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Zeeland $354 9,900 SF 6.95%
Holland $354 9,900 SF 6.95%

Commercial Properties For Sale in Muskegon

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Manufacturing Warehouse Facility + Upside

Muskegon, MI 49442

  • 166,346 SF Industrial Building
  • Auction Sale
For Sale

1787 Wagner Ave

Muskegon, MI 49442

  • 3,868 SF Office Building
  • $299,000
For Sale

Family Dollar

Muskegon, MI 49444

  • 9,082 SF Retail Building
  • 8.50% Cap Rate
  • $1,188,436
For Sale

2675 Olthoff Dr

Muskegon, MI 49444

  • 195,000 SF Industrial Building
  • $19,500,000
For Sale

Wendy's Recently Extended 15 Year Term

Muskegon, MI 49444

  • 3,137 SF Retail Building
  • 6.25% Cap Rate
  • $1,600,000
For Sale

E Sternberg Rd

Muskegon, MI 49444

  • 0.57 AC Lot
  • 1 Commercial Lot
  • $700,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

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Understand how straight-line depreciation works, when to use it, and how it affects your after-tax returns across every stage of ownership.
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Compare financing, cash flow, risk, and exit options so you can choose the right property size for your goals.
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Force Majeure Clause
Force Majeure Clause
Understand how force majeure clauses work in commercial real estate leases, including what they cover, when they apply, and how to draft them to manage risk.

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Muskegon pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Muskegon $139 59,554 SF
North Muskegon $143 1,223 SF
Muskegon Heights $82 39,135 SF
Norton Shores $130 54,434 SF
Fruitport $31 57,350 SF

Regional Demographic Comparison

This comparison places Muskegon alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Muskegon or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Muskegon 38,490 14,858 39 $39,072 2 7,371 1%
North Muskegon 3,911 1,592 44 $94,321 2 321 -1%
Muskegon Heights 11,114 4,310 35 $34,523 3 2,280 4%
Norton Shores 23,960 9,947 43 $67,197 2 1,689 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Muskegon, MI and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Muskegon

View All Commercial Real Estate For Sale in Muskegon
Is Muskegon a good market for a first-time commercial real estate investor?

Muskegon offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Muskegon?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Muskegon. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Muskegon?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Muskegon. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Muskegon compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Muskegon. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Muskegon acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Muskegon, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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