1204 W Western Avenue, Muskegon, MI 49441

$2,400,000
Property Type: Land Lot Size (sq. ft.): 636,412 Status: Sold
Current Price: $3,000,000 List Date: 4/21/2020 Last Modified: 12/01/2022

Description

Prime waterfront development on 14.6 acres. Rare opportunity ideally situated near downtown Muskegon. Current use is industrial but municipality Master Plan and location make for an ideal waterfront development. Marina, residential condominium, retail and boat storage are a few options to consider. Situated on a point, the property offers an amazing lake view and the potential for combined development with land available at 1133 W Western Avenue. Waterfront site includes 138,000 SF industrial building with office and warehouse space on two floors. Building is 82% leased with light industrial tenants and seasonal boat storage of boats up to 60'. Seller willing to hold substantial note for qualified buyer.

More Information MLS# 20013242

Status Change Info

Sold Price/Acre: 164271.05 Under Contract Date: 2020-11-12 Sold Date: 2021-04-01 Sold Price: $2,400,000

Location & Property Info

Cross Streets: Franklin & Chesapeake/Ohio Rlw Municipality: Muskegon City

Office/Contract Info

Auction or For Sale: For Sale List Price/Acre: 205338.81 Listing Agreement: Exclusive Right To Sell

General Property Info

Property Sub-Type: Industrial Land Lot Dimensions: irregular Road Frontage: 1081 Waterfront: Yes Body of Water: Muskegon Lake School District: Muskegon Lot Measurement: Acres Lot Square Footage: 636412 Lot Acres: 14.61

Tax Info

Taxable Value: 497246 SEV: 508500 For Tax Year: 2019 Seller's Annual Property Tax: 29175 Tax Year: 2019 Homestead %: 0 Spec Assessment & Type: 0 Zoning: I-2 Tax ID #: 6124025100000100

Remarks & Misc

Public Remarks: Prime waterfront development on 14.6 acres. Rare opportunity ideally situated near downtown Muskegon. Current use is industrial but municipality Master Plan and location make for an ideal waterfront development. Marina, residential condominium, retail and boat storage are a few options to consider. Situated on a point, the property offers an amazing lake view and the potential for combined development with land available at 1133 W Western Avenue. Waterfront site includes 138,000 SF industrial building with office and warehouse space on two floors. Building is 82% leased with light industrial tenants and seasonal boat storage of boats up to 60'. Seller willing to hold substantial note for qualified buyer. Legal: See legal description in attachments.

Waterfront Options

Water Frontage: 1693.8

Water Type

Lake: 1

Water Fea. Amenities

All Sports: 1 Dock: 1 Private Frontage: 1 Public Access 1 Mile or Less: 1 View: 1

Lot Description

Buildable: 1 Building: 1 Corner Lot: 1 Level: 1

Other Structures

Other: 1

Street Type

Paved: 1 Public: 1

Util Avail at Street

Cable Available: 1 Electricity Available: 1 High Speed Internet: 1 Natural Gas Available: 1 Phone Available: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1

Mineral Rights

Unknown: 1

Sale Conditions

Other: 1

Docs at List Office

Aerial Photo: 1

None

Current Price: $2,400,000

Location Property Info

County: Muskegon Street #: 1204 Street Direction: W Street Name: Western Suffix: Avenue State: MI Zip Code: 49441 Area: Muskegon County - M

OfficeContract Info

Status: Sold List Price: $3,000,000 Listing Date: 2020-04-16

Remarks Misc

Directions: Business 31 to Western Avenue

Property Features

Water Type: Lake Lot Description: Buildable; Building; Corner Lot; Level Other Structures: Other Street Type: Paved; Public Util Avail at Street: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Sewer: Public Sewer Water: Public Water Terms Available: Cash; Conventional Mineral Rights: Unknown Sale Conditions: Other Docs at List Office: Aerial Photo
Listing Office: Capstone Real Estate LLC
Listing Agent: John D Groothuis
IDX
Last Updated: December - 01 - 2022
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