318 Houston Avenue, Muskegon, MI 49441 (MLS# 25026979)
318 Houston Avenue, Muskegon, MI 49441
Overview
Description
Supplements: ... (Read more) Zoned B-1, the building offers flexible use for professional office space, residential living, or investment purposes. Presently, the property is used as a combination of professional office space and a private apartment. In the past, it has also served as a single-family home and a restaurant, showcasing its versatility. The main floor features elegant shared office and conference room space, while the lower level includes a full kitchen and two bathrooms with a private rear entranceideal for subleasing or hosting events. The third floor offers a spacious 2-bedroom, 1-bath apartment with in-unit laundry, providing additional rental income or a comfortable on-site residence. With income potential exceeding $100,000 annually and 24 private parking spaces, the Hovey House offers a rare blend of historic character and commercial opportunity in the heart of a thriving lakeshore city. Multi-Family Listing MLS # 25027006
Listing Details MLS# 25026979
Location Property Info
- County
- Muskegon
- Street #
- 318
- Street Name
- Houston
- Suffix
- Avenue
- State
- MI
- Zip Code
- 49441
- Zip (4)
- 1999
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.2
- Lot Square Footage
- 8712
- Lot Dimensions
- 101x149x99x147 plus 14 spots
- Year Built
- 1889
- Road Frontage
- 248
- Mineral Rights
- Unknown
- Year Remodeled
- 1985
- Total # Units
- 11
- # Fin Bldg Lvls
- 4
- # of Diff Unit Floor Plans
- 11
- Total # Bldgs
- Yes
- Total SqFt
- 8950
- Property Use Type
- Net Leased (nnn)
- Full Baths
- 6
- Waterfront
- No
- School District
- Muskegon
Tax Info
- Tax ID #
- 24-205-349-0012-00
- Taxable Value
- 174502
- SEV
- 330700
- For Tax Year
- 2024
- Seller's Annual Property Tax
- 10501
- Tax Year
- 2024
- Spec Assessment & Type
- none known
- Zoning
- B1
- Homestead %
- 0
Remarks Misc
- Directions
- Seaway To Third To Houston next to Nelson Place 3 blocks to the Muskegon convention center
Additional Details
- Total Parking Spaces
- 24
- Ceiling Height
- 10
More Information
Income and Expenses
- Gross Op Income ($)
- 100000
- Total Actual Rent
- 106000
Waterfront Options
- Water Access Y/N
- No
Location & Property Info
- Cross Streets
- Muskegon & 4th Street
- Property Sub-Type
- Office
- Area
- Muskegon County - M
- Municipality
- Muskegon City
- Principal Road
- Yes
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 92.18
- Prop Avail for Lease?
- Yes
- Current Bldg Use
- Apartment and office space
Remarks & Misc
- Public Remarks
- 318 Houston Avenue - The Historic Hovey House Own one of Muskegon County's most iconic estates. Built in 1889 by lumber baron Horatio Hovey, this Michigan Historic Site blends Gilded Age architecture with strong income potential just steps from Muskegon Lake, the Convention Center, Third Street dining, and the waterfront redevelopment district. Currently generating over $100,000 annually, this mixed-use property includes 10 professional office suites, a luxury residential apartment, 2 full kitchens, 6 bathrooms, potential for 8-10 bedrooms, 24+ private parking spaces, and flexible B-1 zoning for residential or commercial use. Live upstairs and lease below, convert to executive suites or boutique venue, or create a flagship headquarters with private residence. Walkable. Historic. Income-producing. A rare West Michigan trophy asset.
- Legal
- CITY OF MUSKEGON REVISED PLAT 1903 LOT 12 & E 1/2 OF LOT 11 BLK 349 ALSO S 1/2 OF VAC ALLEY ADJ ALSO LOT 1 BLK 349 AND
Street Type
- Easement
- Yes
- Paved
- Yes
- Public
- Yes
SqFt Information
- Building Security
- Yes
- Fire Alarm
- Yes
- Security System
- Yes
- Smoke Detector(s)
- Yes
Property Use
- Business
- Yes
- Investment
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional Service
- Yes
- Professional/Office
- Yes
- Recreation
- Yes
- Restaurant
- Yes
Construction Type
- Concrete
- Yes
Exterior Material
- Wood Siding
- Yes
Roofing
- Composition
- Yes
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Ownership
- Corporation
- Yes
Below Grade
- Basement
- Yes
Heat Type
- Ductless
- Yes
- Forced Air
- Yes
- Heat Pump
- Yes
Air Conditioning
- Central Air
- Yes
Business Includes
- Real Estate
- Yes
Foundation
- Block
- Yes
- Stone
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- Phone Available
- Yes
Driveway
- Concrete
- Yes
Purchase Terms Avail
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
Property Features
