UPDATED:
08/20/2024 08:19 PM
Key Details
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $142
Municipality Muskegon City
MLS Listing ID 24008515
Full Baths 6
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1923
Annual Tax Amount $17,493,324
Tax Year 2023
Lot Size 0.980 Acres
Acres 0.98
Lot Dimensions 132 x 168' + 133 x 33' x 133' x 95 x 167x21x109
Property Description
Northtown 794 represents a mixed-use investment opportunity situated within revitalized downtown Muskegon. This Class A property includes successful retail and food establishments along with stable professional office tenants. The building is comprised of 34,000 SF with 3 floors (11,000 +/- per) that include garden level and street level restaurant/retail space and upper floor professional office space. The building, built in 1923, was completely renovated in 2019 - 2021. The street level restaurant/retail spaces are fully occupied as well as the upper-level professional office space. The garden level is currently vacant and was previously occupied by a craft brewery operation and associated tasting room/bar area. The garden level represents potential upside for an investor. The main level tenants include Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisely (women's boutique). The upper building level is comprised of private offices (29) and associated conference rooms, kitchen area, and common areas. This "co-work" space is occupied by a mix of tenants including counselors, attorneys, engineers, financial advisors, tax professionals and sales representatives. The garden level represents potential upside for an investor. The main level tenants include Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisely (women's boutique). The upper building level is comprised of private offices (29) and associated conference rooms, kitchen area, and common areas. This "co-work" space is occupied by a mix of tenants including counselors, attorneys, engineers, financial advisors, tax professionals and sales representatives.
Location
State MI
County Muskegon
Area Muskegon County - M
Direction Shoreline Drive to W. Western Avenue, S on Pine Street to property.
Interior
Heating Forced Air
Cooling Central Air
Inclusions Real Estate
Exterior
Utilities Available Phone Available, Water Available, Sewer Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
View Y/N No
Street Surface Paved
Building
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction No
Schools
School District Muskegon
Others
Tax ID 24-205-177-0005-00
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Get More Information