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$ 825,000

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318 Houston AVE Muskegon City, MI 49441

6 Baths

8,950 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 8,950 sqft

Price per Sqft $92

MLS Listing ID 71025026979

Year Built 1889

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type BusinessandRealEstate

Property Description

318 Houston Avenue - The Historic Hovey HouseOwn 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.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

Location

State MI

County Muskegon

Area Area61102Muskegon

Rooms

Basement Common Storage Locker

Interior

Heating Ductless, Forced Air, Heat Pump, Natural Gas

Cooling Central Air

Fireplace No

Exterior

Parking Features Concrete

Utilities Available ElectricityConnected, NaturalGasConnected, PhoneAvailable

View Y/N No

Roof Type Composition, Rubber

Building

Foundation Basement, Block, Stone

Sewer Public Sewer

Water Public

New Construction No

Schools

High Schools Muskegon

School District Muskegon

Others

Ownership Corporation

Acceptable Financing Cash, Conventional, Lease, Trade1031Exchange

Listing Terms Cash, Conventional, Lease, Trade1031Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/wmlar/25026979

Listed by David Medendorp of Medendorp Real Estate Group

Nearby Locations

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Realty Executives Showcase Commercial

+1(586) 726-4600

showcasecommercial@realtyexecutives.com