1208 8th St 6,522 SF 100% Leased Retail Building Muskegon, MI 49440 £904,536 (£138.69/SF)
INVESTMENT HIGHLIGHTS
- This property sits on a generous 0.56-acre lot, providing ample space for various uses
- Built in 1947, the property combines vintage appeal with modern potential
- With 6,522 square feet of space, this building offers flexibility for different commercial or residential purposes
EXECUTIVE SUMMARY
Investment opportunity in downtown Muskegon. The subject property building has been improved with new utilities, roof, windows, restrooms, etc. The interior is currently finished to a white-box condition and the tenant intends to finish the space for use as a restaurant/bar venue. The property is situated in a prime location at W. Western Avenue and 8th Street, across from Muskegon Lake and the popular Heritage Landing waterfront gathering place, which is the site of many community festivals and events.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
6,522 SF
Building Class
B
Year Built/Renovated
1947/2021
Price
£904,536
Price Per SF
£138.69
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.07
Lot Size
2.00 AC
Opportunity Zone
Yes
Zoning
B3 - Commercial Zoned Property
Parking
30 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
145 ft on 8th St
AMENITIES
- Tenant Controlled Heating
- Waterfront
- Air Conditioning
Walk Score®
Very Walkable (71)
