360 W Western Avenue, Muskegon, MI 49440 (MLS# 25002048)

360 W Western Avenue, Muskegon, MI 49440

$1,500,000
Property Type: Commercial Sale Square Footage: 25,965 Lot Size (sq. ft.): 373,614 Status: Active
Current Price: $1,500,000 List Date: 1/17/2025 Last Modified: 3/10/2025

Description

Looking for an opportunity to take part in the exciting community growth occurring in the city of Muskegon? All the heavy lifting has been done here. This beautiful and scrupulously restored historic landmark building, The Russell Block, sits squarely in the epicenter of downtown Muskegon's up and coming waterfront community. Upon arrival at this historic landmark, you will be transported on a journey to the Lumber Baron Era during which in 1890, this fabulous building was created. In 2011-13 it was lovingly restored to its former glory and now includes a complete modernization of all the systems within. Steeped in history, this property has been the home of the U.S. Post Office, the YMCA, Western Union Telegraph, a theatre, and different fraternal social clubs. Current tenant spaces

Supplements: have been tailored to accommodate specific needs for brewing, refrigeration, a full-service kitchen, sound-proofing, master keyed, and are separately metered. The open concept industrial chic main floor is home to Muskegon's brewery revival and features elevated ceilings with exposed joists, ducts, piping & lighting, original hardwood floors and brick walls with an atrium opening to the lower level waiting for future growth. This main floor space has it's own live music and entertainment area. The second floor is home to the BLOCK, a modern and intimate performing arts and concert setting with a loft balcony and rooftop patio garden with views of Muskegon Lake. Also on the 2nd floor are professional offices overlooking W Western Ave. The mezzanine level offers professional office or meeting space as does the third Floor. Festive wall art and a new art mural adorn the 3,000 SF courtyard complete with outdoor seating and a live music space. The commercial possibilities with this 3, possibly 4 level historic beauty are endless. Call for more info or to schedule an appt.

More Information MLS# 25002048

Location Property Info

County: Muskegon Street #: 360 Street Direction: W Street Name: Western Suffix: Avenue State: MI Zip Code: 49440 Zip (4): 1273 Area: Muskegon County - M

OfficeContract Info

Status: Active Current Price: $1,500,000 List Price: $1,500,000 Listing Date: 2025-01-15

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 8.58 Lot Square Footage: 373614 Lot Dimensions: 97.7x116 Year Built: 1890 Road Frontage: 97.7 Mineral Rights: Unknown Year Remodeled: 2007 Total # Units: 7 # Fin Bldg Lvls: 19838 Total # Bldgs: 1 Total SqFt: 25965 Property Use Type: Investment Full Baths: 5 Waterfront: No School District: Muskegon

Tax Info

Tax ID #: 24-233-000-0004-00 Taxable Value: 300865 SEV: 755500 For Tax Year: 2021 Annual Property Tax: 17081 Tax Year: 2021 Spec Assessment & Type: None known Zoning: Central Busines

Remarks Misc

Directions: Shoreline Drive/Business 131 to South on 3rd Street to East on W Western Avenue to property.

Property Features

Property Use: Investment; Net Leased (nnn) Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Other Ownership: LLC Business Includes: Real Estate Construction Type: Concrete; Frame/Wood Exterior Material: Brick; Concrete Roofing: Rubber; Other Below Grade: Basement; Full Additional Features: Barrier Free; Bath Common Area; Fire Sprinkler; Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air Air Conditioning: Central Air Driveway: Shared Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional; Land Contract; Other Docs at List Office: Aerial Photo Sale Conditions: None Possession: Close Of Escrow
Listing Office: Five Star Real Estate (Grandv)
Listing Agent: Cathy Nyboer
Last Updated: March - 10 - 2025
360 W Western Avenue, Muskegon, MI 49440- MLS# 25002048
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