Property Type:
Commercial Sale
Square Footage:
119,831
Lot Size (sq. ft.):
437,778
Status:
Sold
Current Price:
$3,000,000
List Date:
11/05/2016
Last Modified:
10/14/2021
2500 Henry Street, Muskegon, MI 49441
$2,300,000
Description
INVESTMENT OPPORTUNITY – 119,831 SF neighborhood shopping center in Muskegon. Situated on the northeast corner of Henry St. and W. Sherman Blvd., a primary retail corridor in the heart of Muskegon, the center is co-tenanted by national/local retailers, including West Marine, Cosmo Prof, Planet Fitness, Di's Hallmark, State Farm Insurance, Firestone Complete Auto Care, Muskegon Rescue Mission, C&B Estate Sales and Hank's Tavern. The adjacent MedExpress Urgent Care, Pizza Hut and Port City Cab, which are not owned, provide additional traffic to the center. Site offers great visibility, multiple access points and pylon signage. Neighboring retailers include Dollar General, Walgreens, Rite Aid, Family Video, Advance Auto, Aldi, Aaron's Rental, Home Depot, Dollar Tree,
Supplements: GFS Marketplace, The UPS Store, Supercuts, Sleep Doctor, Save-A-Lot, Family Dollar, Sherwin-Williams and AutoZone.
More Information MLS# 16055774
Location & Property Info
Cross Streets: W. Sherman Blvd.& Pulaski Ave.
Property Sub-Type: Retail
Municipality: Muskegon City
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 25.04
Prop Avail for Lease?: Yes
Current Bldg Use: West Village Mall
General Property Info
New Construction: No
Lot Dimensions: Irregular
Road Frontage: 1
Waterfront: No
Total # Units: 1
Total # Bldgs: 3
# Fin Bldg Lvls: 1
Total SqFt: 119831
Property Use Type: Investment
School District: Muskegon
Lot Measurement: Acres
Lot Acres: 10.05
Lot Square Footage: 437778
Year Built: 1961
Tax Info
Taxable Value: 1195173
SEV: 1354200
For Tax Year: 2017
Seller's Annual Property Tax: 73372
Tax Year: 2016
Homestead %: 0
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: B-4, Gen Bus
Tax ID #: 6124131300003900
Remarks & Misc
Legal: See Attached
Status Change Info
Sold Price/SqFt: 19.19
Under Contract Date: 2017-02-24
Sold Date: 2017-08-16
Sold Price: $2,300,000
Additional Details
Grd Lvl OH Doors: 12
Street Type
Paved: 1
Public: 1
Property Use
Investment: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Exterior Material
Block: 1
Brick: 1
Stone: 1
Stucco: 1
Roofing
Stone: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Ownership
LLC: 1
Below Grade
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Non-Applicable: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Storm Sewer: 1
Driveway
Paved: 1
Docs Req Conf Agrmnt
Financials: 1
Leases: 1
Rent Roll: 1
Send to Econ Dev Org
MEDC: 1
SWMI First, Region 5: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Muskegon
Street #: 2500
Street Name: Henry
Suffix: Street
State: MI
Zip Code: 49441
Area: Muskegon County - M
OfficeContract Info
Status: Sold
Current Price: $2,300,000
List Price: $3,000,000
Listing Date: 2016-09-15
Remarks Misc
Directions: NE corner of Henry Street and W. Sherman Boulevard.
Property Features
Property Use: Investment
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Non-Applicable
Construction Type: Block
Exterior Material: Block; Brick; Stone; Stucco
Roofing: Stone
Below Grade: None
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Possession: Close Of Escrow
Documents
Legal Description ›
Listing Office:
Bradley Company
Listing Agent:
Jodi K Milks
Last Updated: October - 14 - 2021
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