1756 Lakeshore Drive

Office for Sale
Sale Pending
Also listed as Retail-Commercial, Special Purpose
Catylist Listing ID: 30725312
Property Subtypes: Executive Suites, Governmental, Institutional, Mixed Use, Office Building
Status: Pending
Building Size (RSF): 7,580 SF
Gross Building Area: See Agent
Gross Land Area: 0.46 Acres
Sale Price: $850,000
Unit Price: $112.14 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2021

Overview / Comments

Premier property situated in Muskegon's Lakeside commercial district. The property has excellent visibility on Lakeshore Drive and is located adjacent to the Lake Express ferry entrance and in proximity to Muskegon's largest marina operation. The building consists of approximately 7,500 SF and is comprised of a mix of individual professional offices and open workspaces. The building is in excellent shape and is equipped with heavy power (former printing operations) and great infrastructure due to its most recent use. Building floor plan provides potential for multi-tenant use with multiple entrances and restroom facilities. Site is situated within a district that has been approved by the City of Muskegon for potential cannabis-related businesses; including micro-businesses, designated consumption establishments, Class A grow operations, and temporary marihuana events.

Attachments & Media

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $8,262 (Annual)
Tax Value Land $7,500
Tax Value Improvements $130,679
Assessed Value - Total($) $155,900 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Muskegon
Tax ID/APN: 61-24-205-609-0010-00
Zoning: B-2
Property Located Between: Estes & Addison
Property Visibility: Good
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,580 SF
Year Built: 1980
Year Renovated: 1999
Roof Type: Other
Construction/Siding: Concrete
Exterior Description: Concrete Block, Vinyl
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Baseboard
Air Conditioning: Package Unit
Lot Frontage: 198
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,758 50,197 90,468
Median Age: 40.35 36.74 37.88
Households: 3,128 20,358 36,313

Contact

Photograph of Listing Agent

Troy Wasserman

Core Realty Partners
CARWM Member
Photograph of Listing Agent

Bryan D. Bench

Core Realty Partners
CARWM Member
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