$2,400,000
Muskegon, MI 49441
MLS# 20013242
Status: Sold
1 / 8
Property 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.
Details
Maps
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
Cross Streets: Franklin & Chesapeake/Ohio Rlw
Area: Muskegon County - M
Municipality: Muskegon City
Office/Contract Info
Status: Sold
List Price: $3,000,000
Auction or For Sale: For Sale
List Price/Acre: 205338.81
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2020-04-16
General Property Info
Property Sub-Type: Industrial Land
Lot Measurement: Acres
Lot Square Footage: 636412
Lot Acres: 14.61
Lot Dimensions: irregular
Road Frontage: 1081
Waterfront: Yes
Body of Water: Muskegon Lake
School District: Muskegon
Tax Info
Tax ID #: 6124025100000100
Taxable Value: 497246
SEV: 508500
For Tax Year: 2019
Annual Property Tax: 29175
Tax Year: 2019
Zoning: I-2
Remarks & Misc
Directions: Business 31 to Western Avenue
Legal: See legal description in attachments.
Status Change Info
Under Contract Date: 2020-11-12
Sold Date: 2021-04-01
Sold Price: $2,400,000
Sold Price/Acre: 164271.05
Waterfront Options
Water Frontage: 1693.8
Property Features
Water Type: Lake
Water Fea. Amenities: All Sports; Dock; Private Frontage; Public Access 1 Mile or Less; View
Lot Description: Buildable; Building; Corner Lot; Level
Outbuildings: Other
Street Type: Paved; Public
Util Avail at Street: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Telephone
Utilities Attached: Electric; Natural Gas; Public Sewer; Public Water; Telephone Line
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 Groothuis
Last Updated: December - 01 - 2022
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.
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.
