Investment Opportunity

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30327283
Property Subtypes: Office Building
Building Size (RSF): 12,764 SF
Gross Land Area: 1.20 Acres
Sale Price: $850,000
Unit Price: $66.59 PSF
Ceiling: 14 ft.
Property Use Type: Investment
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/30/2018

Overview / Comments

100% leased investment opportunity situated within a primary commercial (Henry Street) corridor in Muskegon. Nearby users include Meijer and Walmart, with a multitude of national franchises (food and services oriented) situated in proximity of the subject property. The property is occupied by three tenants, two of which have leased space for over 10 years, while the third tenant has occupied its space since 2014. The building was renovated in 2005 and has had some recent improvements (parking lot, roof, utilities). Excellent occupancy history.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Tax ID/APN: 61-25-16-400-000-0041-00
Zoning: COMMERCIAL
Property Located Between: Cranbrook and Norton
Property Visibility: Excellent
Area Description: DIRECTIONS: I-96 WEST TO US-31 IN MUSKEGON, LEFT ON W NORTON AVE, RT ON HENRY ST.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1968
Year Renovated: 2005
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Natural Gas
Air Conditioning: Air Curtain
Lot Frontage: 195
Lot Depth: 267
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,685 61,958 97,676
Median Age: 39.72 36.6 37.54
Households: 5,050 24,794 37,738

Contact

Photograph of Listing Agent

Bryan D. Bench

CORE Realty Partners
CARWM Member
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