Retail-Commercial Shopping Center For Sale

Shopping Center for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30380364
Property Subtypes: Mixed Use, Strip Center
Building Status: Proposed
Building Size (RSF): 16,450 SF
Gross Land Area: 1.80 Acres
Sale Price: $1,400,000
Unit Price: $85.11 PSF
Property Use Type: Investment
Building Name: Harvey Retail Center
Usable Size (USF): 16,450 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/24/2019

Overview / Comments

Upscale, retail-commercial shopping center for sale in Muskegon. This 16,450 SF multi-user strip center was built in 2008 and includes two complementary buildings that sit on a 1.8 acre site within a Planned Unit Development District. These high-end buildings have a striking design, creative landscaping and great curb appeal. The center consists of six tenants; four have occupied the center since inception and the other two for five+ years. Grey box space totaling 4,000 SF is master leased through 2022. Just south of The Lakes Mall, surrounding properties include Hometown Pharmacy and Lake Michigan Credit Union, along with several restaurants and retail centers. Members of owner LLC are licensed Realtors.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: Fruitport Township
Tax ID/APN: 61-15-446-000-0004-00
Zoning: PUD
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Located Between: E. Mt. Garfield Rd & Eastwind Drive
Property Visibility: Excellent
Largest Nearby Street: US-31
Feet of Frontage: 354
Highway Access: Located 1 mile south of the US-31 interchange at Sternberg Road.
Airports: Muskegon County Airport
Site Description: Multi-use retail/commercial development center includes two separate, complementary buildings on one parcel: 5890 & 5916 S. Harvey Street.
Area Description: Located 1 block south of The Lakes Mall.
Total Number of Buildings: 2
Number of Stories: 1
Property Condition: Good
Year Built: 2008
Construction/Siding: Brick
Exterior Description: Both upscale brick buildings are beautifully-maintained and surrounded by creative landscaping. Great curb appeal and exposure.
Parking Type: Surface
Parking Description: Ample, on-site parking.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: 16,450 SF multi-tenant strip includes six, occupied tenant spaces totaling 12,450 SF. In addition, 4,000 SF of grey box space is available.
Zoning Description: PUD
Lot Frontage: 354
Lot Depth: 228
Water Service: Municipal
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Ingress/Egress, Utilities
Easements Description: SUBJ TO DRAIN, INGRESS/EGRESS, UTILITY, WATER/SEWER/HIGHWAY, UNDERGROUND ELECTRIC LINE.
Legal Description: FRUITPORT CHARTER TOWNSHIP HARVEY STREET CENTER SITE CONDO UNITS 4 & 5 & 6 SEC 27 T9N R16W (COMBINED W/15-446-000-0005-00 & 0006-00 FOR 2010 ROLL)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,384 25,652 79,457
Median Age: 45.9 41.41 39.87
Households: 600 10,313 30,807

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