2500 Henry Street, Muskegon, MI 49441 (MLS# 16055774)

2500 Henry Street, Muskegon, MI 49441

$2,300,000

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

Overview

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.

Listing Details MLS# 16055774

Location Property Info

County: Muskegon
Street #: 2500
Street Name: Henry
Suffix: Street
State: MI
Zip Code: 49441

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 10.05
Lot Square Footage: 437778
Lot Dimensions: Irregular
Year Built: 1961
Road Frontage: Yes
Total # Units: Yes
# Fin Bldg Lvls: Yes
Total # Bldgs: 3
Total SqFt: 119831
Property Use Type: Investment
Waterfront: No
School District: Muskegon

Tax Info

Tax ID #: 6124131300003900
Taxable Value: 1195173
SEV: 1354200
For Tax Year: 2017
Seller's Annual Property Tax: 73372
Tax Year: 2016
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: B-4, Gen Bus
Homestead %: 0

Remarks Misc

Directions: NE corner of Henry Street and W. Sherman Boulevard.

Status Change Info

Under Contract Date: 2017-02-24
Sold Date: 2017-08-16
Sold Price/SqFt: 19.19

More Information

Additional Details

Grd Lvl OH Doors: 12

Location & Property Info

Cross Streets: W. Sherman Blvd.& Pulaski Ave.
Property Sub-Type: Retail
Area: Muskegon County - M
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

Remarks & Misc

Legal: See Attached

Street Type

Paved: Yes
Public: Yes

Property Use

Investment: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes

Construction Type

Block: Yes

Exterior Material

Block: Yes
Brick: Yes
Stone: Yes
Stucco: Yes

Roofing

Stone: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

LLC: Yes

Below Grade

None: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Non-Applicable: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes
Storm Sewer: Yes

Driveway

Paved: Yes

Docs Req Conf Agrmnt

Financials: Yes
Leases: Yes
Rent Roll: Yes

Send to Econ Dev Org

MEDC: Yes
SWMI First, Region 5: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

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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