350 E Broadway Avenue, Muskegon Heights, MI 49444

$1,300,000
Property Type: Commercial Sale Square Footage: 100,060 Lot Size (sq. ft.): 159,603 Status: Sold
Current Price: $1,300,000 List Date: 12/11/2017 Last Modified: 10/21/2021

Overview

Description

An exceptional investment opportunity to acquire a 100% interest, providing investors with a stable return over the next 10 years based on a long-term sale/leaseback transaction. The subject property is located in Muskegon County with convenient access to the primary thoroughfare US31 connecting to interstates 96 and I96. The property consists of a 3.7-acre site occupied by a 100,000 SF industrial building. The building is currently fully leased for warehousing and light assembly operations.

Listing Details MLS# 17058820

Location Property Info

County
Muskegon
Street #
350
Street Direction
E
Street Name
Broadway
Suffix
Avenue
State
MI
Zip Code
49444

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
3.66
Lot Square Footage
159603
Lot Dimensions
266' x 600'
Year Built
1967
Road Frontage
266
Total # Units
Yes
# Fin Bldg Lvls
Yes
Total # Bldgs
Yes
Total SqFt
100060
Full Baths
3
Waterfront
No
School District
Muskegon Hts

Tax Info

Tax ID #
6126185202000100
Taxable Value
180589
SEV
238300
For Tax Year
2017
Seller's Annual Property Tax
13428.26
Tax Year
2017
Spec Assessment & Type
none known

Remarks Misc

Directions
BUS31 to Getty St. north to Broadway west.

Status Change Info

Under Contract Date
2018-03-27
Sold Date
2018-06-12
Sold Price/SqFt
12.99

More Information

Additional Details

# Loading Docks/Well
2
Grd Lvl OH Doors
2
Ceiling Height
16

Waterfront Options

Water Access Y/N
No

Property Features

Uses: Distribution; Manufacturing; Storage Ownership: Corporation Business Includes: Non-Applicable Construction Type: Block Additional Features: Fire Sprinkler Tenant Pays All: Building Insurance; Common Area Maintena; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Storm Sewer Heat Source: Natural Gas Heat Type: Space Heater Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Environmental Reports; Financials Sale Conditions: None
IDX
Listing Office: Core Realty Partners LLC
Listing Agent: Bryan D Bench
Source MLS Verified
Last Updated: October - 21 - 2021
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.