$4,000,000
221 W Webster Ave, Muskegon, MI 49440
0 Beds
12 Baths
n/a SqFt

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Magnificent investment opportunity located in the heart of Downtown Muskegon. This 6 floor, with full basement, former bank building has over 6,000 SF of street level retail with giant floor-to-ceiling windows. The 2nd floor has been completely renovated and home to Core Realty Partners. Floors 3-6 are currently office and mostly move-in ready. These floors could be an easy conversion to residential condos or apartments, with the design of the building having no interior load-bearing walls. Rooftop has dramatic views of downtown, Muskegon Lake, and the mouth of the Muskegon River. This site is a very short walk to many restaurants, museums, shopping, new convention center, breweries, public library, parks, and a whole lot more. Tons of on-site parking, large outdoor courtyard, and excess property for future development.
  • Price:
  • $4,000,000
  • Full Baths:
  • 12
  • Acreage:
  • 2.10
  • Year Built:
  • 1962
  • Listing ID #:
  • 22006973
  • Street Address:
  • 221 W Webster Ave
  • City:
  • Muskegon
  • State:
  • Michigan
  • Postal Code:
  • 49440
  • County:
  • Muskegon
  • Community:
  • Muskegon County - M
  • Subarea:
  • Muskegon County - M
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
School District: Muskegon
  • Construction Description:
  • Concrete, Stucco
  • Number Of Units:
  • 1
  • Total # Of Buildings:
  • 1
  • Type Of Roof:
  • Stone, Rubber
  • Year Built:
  • 1962
  • Business Type:
  • Professional/Office, Professional Service, Restaurant, Bar/Tavern/Lounge, Retail, Recreation
  • Lot Square Footage:
  • 91476
  • Zoning Description:
  • B-3
  • Included In Sale:
  • Real Estate
  • On Market Date:
  • 2022-03-07
  • Originating Mls:
  • Michigan Regional Information Center (michric)
  • Terms:
  • Conventional, Cash
  • Title Type:
  • LLC
  • Cross Street:
  • 1st & 2nd
  • Property Taxes:
  • $48,209
  • Tax Year:
  • 2020
  • Cooling System:
  • Central Air
  • Existing Water:
  • Public
  • Has Central Air Conditioning:
  • Yes
  • Heating:
  • Baseboard, Forced Air, Hot Water
  • Utilities:
  • Cable Connected, Public Water, Public Sewer, Broadband
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Troy Wasserman of Core Realty Partners LLC