451 W Western Avenue

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30754609
Property Subtypes: Executive Suites, Governmental, Institutional, Office Building
Building Size (RSF): 4,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.21 Acres
Sale Price: $825,000
Unit Price: $179.35 PSF
Ceiling: 12 ft.
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/22/2021

Overview / Comments

Directly across the street from the newly-constructed Convention Center and the Mercy Health Arena, 451 W Western is located in the heart of Downtown Muskegon! Retail, Restaurants, Bars, Breweries, Distilleries, Hotels, and Apartments are within feet of the building. Also in the Muskegon Downtown Social District and near the Frauenthal Center for Performing Arts, Muskegon Museum of Art, and Muskegon Community College Technology Center. The building's current use is office, but it also lends itself to several other uses. Phase II ESA on file. Seller is a licensed Realtor in the State of Michigan.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $9,878 (Annual)
Tax Value Land $62,600
Tax Value Improvements $146,161
Assessed Value - Total($) $180,100 (Annual)

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Muskegon
Tax ID/APN: 61-24-205-313-0006-00
Zoning: B-3
Property Located Between: 3rd & 4th
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1964
Roof Type: Other
Construction/Siding: Concrete
Exterior Description: Stucco
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 66
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal
Legal Description: On file in listing office.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,347 63,517 107,913
Median Age: 31.68 35.5 37.55
Households: 4,388 25,339 41,322

Contact

Photograph of Listing Agent

Steve Mastella

Core Realty Partners Not a member of CARWM
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