1204 W Western Avenue, Muskegon, MI 49441 (MLS# 20013242)
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
Last Updated: December - 01 - 2022
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