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1144 3rd St 30,460 SF Retail Building Muskegon, MI 49441 $1,100,000 ($36.11/SF)
INVESTMENT HIGHLIGHTS
- 5 Overhead Doors: Two 10’ x 12’; Three 14’ x 10’
EXECUTIVE SUMMARY
Also includes PPN 24-205-366-0001-00 (1116 3rd St). The subject property is situated within the 3rd Street commercial corridor in downtown Muskegon. This corridor is seeing and experiencing revitalization through nearby residential redevelopment and is located across from local favorites such as Hamburger Mikey's, Curry Kitchen and Third Coast Vinyl. The site was originally an automotive sales and service location and the main building now being used primarily for seasonal heated storage. The site offers a great redevelopment opportunity while providing steady lease income to support the acquisition in the interim. The site offers roughly 2.9 acres of land, which is difficult to come by in the downtown market area.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
30,460 SF
Building Class
C
Year Built/Renovated
1920/1990
Price
$1,100,000
Price Per SF
$36.11
Tenancy
Single
Building Height
1 Story
Loading Docks
5 Exterior
Building FAR
0.25
Lot Size
2.82 AC
Opportunity Zone
Yes
Zoning
PUD
Parking
21 Spaces (0.69 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Number | 24-205-365-0001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $156,600 |
PROPERTY TAXES
Parcel Number
24-205-365-0001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$156,600
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1144 3rd St
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