557 W. Western Avenue

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30577524
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Restaurant, Street Retail, Other
Status: Pending
Building Size (RSF): 1,134 SF
Gross Land Area: 0.03 Acres
Sale Price: $228,000
Unit Price: $201.06 PSF
Ceiling: 10 ft.
Office SF: 1,134 SF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Last Updated: 4/2/2020

Overview / Comments

PRIME REAL ESTATE in the heart of downtown Muskegon's Heritage District between Mike's Inn and Muskegon Heritage Museum and within the Muskegon Lake Opportunity Zone. Building sits on the popular Rebel Road Rally Cruise Strip and boasts a view of Muskegon Lake and a 5-minute walk to Heritage Landing; port of call for several cruise ships offering patronage to area business from hundreds of passengers, and home to many summer venues such as Unity Fest, Michigan Irish Music Festival, Muskegon Rock Stock, Shoreline Jazz Festival, and more. Completely refurbished building is currently set up as a café. Available with the current turnkey Café business opportunity. FF&E is not included in price. Property is Zoned B-3, which provides for plenty of business and personal service opportunities.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,754 (Annual)
Tax Value Land $31,600
Tax Value Improvements $40,806
Assessed Value - Total($) $48,600 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Muskegon
Tax ID/APN: 24205315000510
Zoning: B-3
Retail Clientele: General, Family, Business, Tourist, Convention
Property Located Between: 5th & 6th Streets
Property Visibility: Excellent
Largest Nearby Street: Bus-31 (Shoreline Drive)
Feet of Frontage: 13
Highway Access: Bus-31
Airports: Muskegon County Airport
Site Description: Heritage District
Area Description: Downtown
Tenancy: Single Tenant
Year Built: 1900
Year Renovated: 2017
Construction/Siding: Brick, Stone, Wood Frame, Wood Siding
Exterior Description: Brick/Stone/Wood
Parking Type: Other
Parking Description: Street Parking
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Currently set up as a restaurant/cafe.
Lot Frontage: 13
Lot Depth: 87
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: LLC

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,064 63,450 107,913
Median Age: 31.64 35.09 37.55
Households: 4,315 25,250 41,322

Contact

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