1531 W Sherman BLVD

Special Purpose for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30647701
Property Subtypes: Sports/Entertainment
Building Size (RSF): 57,349 SF
Gross Land Area: 4.52 Acres
Sale Price: $1,300,000
Ceiling: 12 ft.
Property Use Type: Vacant/Owner-User, Business
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/14/2020

Overview / Comments

NorthStar Commercial is pleased to offer this iconic piece of Muskegon real estate. On a Friday night you might catch a wedding rehearsal to the backdrop of 50 Brunswick lanes in full use with the conversations and laughter of two wet bars and a restaurant area, in full use. With over 350 parking spaces across 4.5 acres, there is plenty of room for a packed house. This sprawling 57,000 SF facility boasts 20+ ft ceilings in parts of the building and 3 overhead doors great for moving large equipment and furniture. Although this has long been an iconic night scene destination, due to Muskegon's recent revival, this could be an ideal opportunity to reposition this asset as a climate-controlled self-storage facility and develop the front out lots into retail or office use to further capture the value of 20,000+ VPD.

Attachments & Media

Additional Details

Nearest MSA: Muskegon-Norton Shores
County: Muskegon
Submarket/Township: Other area
Tax ID/APN: 61-25-14-000-000
Zoning: C-NW
Property Visibility: Excellent
Site Description: City of Roosevelt Park Bleier Subdivision Lots 4 - 8 inc.
Area Description: DIRECTIONS: BUSINESS 31 TO SHERMAN BLVD W TO LOCATION.
Number of Stories: 1
Property Condition: Average
Roof Type: Domes
Zoning Description: C-NW: b. Sherman / Wickham (C-NW) 1. Promote shared driveway access between existing businesses. 2. Promote uniform sign setbacks, size and collocations. 3. Improve the connection of this commercial area to the City by encouraging pedestrian linkages, street banners and architectural styles that extend southerly onto Glenside. 4. Promote abundant landscape provisions for commercial development
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,353 52,750 94,915
Median Age: 40.26 36.84 37.92
Households: 5,127 21,281 38,159
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