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
