794 Pine Street, Muskegon, MI 49442 (MLS# 24008515)

794 Pine Street, Muskegon, MI 49442

$2,995,000
Property Type: Commercial Sale Square Footage: 21,000 Lot Size (sq. ft.): 42,689 Status: Active
Current Price: $2,995,000 List Date: 2/21/2024 Last Modified: 3/18/2025

Description

Includes 4 W Webster Ave (PPN 61-24-205-177-0002-00). Northtown 794 represents a mixed-use investment opportunity situated within revitalized downtown Muskegon. This Class A property includes successful retail and food establishments along with stable professional office tenants. The building is comprised of 34,000 SF with 3 floors (11,000 +/- per) that include garden level and street level restaurant/retail space and upper floor professional office space. The building, built in 1923, was completely renovated in 2019 - 2021. The street level restaurant/retail spaces are fully occupied as well as the upper-level professional office space. The garden level is currently vacant and was previously occupied by a craft brewery operation and associated tasting room/bar area.

Supplements: The garden level represents potential upside for an investor. The main level tenants include Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisely (women's boutique). The upper building level is comprised of private offices (29) and associated conference rooms, kitchen area, and common areas. This "co-work" space is occupied by a mix of tenants including counselors, attorneys, engineers, financial advisors, tax professionals and sales representatives.

More Information MLS# 24008515

Location Property Info

County: Muskegon Street #: 794 Street Name: Pine Suffix: Street State: MI Zip Code: 49442 Zip (4): 1020 Area: Muskegon County - M

OfficeContract Info

Status: Active Current Price: $2,995,000 List Price: $2,995,000 Listing Date: 2024-02-21

General Property Info

New Construction: No Lot Measurement: Acres Lot Acres: 0.98 Lot Square Footage: 42689 Lot Dimensions: 132 x 168' + 133 x 33' x 133' x 95 x 167x21x109 Year Built: 1923 Road Frontage: 169 Mineral Rights: Unknown Year Remodeled: 2021 Total # Units: 35 # Fin Bldg Lvls: 3 Total # Bldgs: 1 Total SqFt: 21000 Property Use Type: Investment Full Baths: 6 Waterfront: No School District: Muskegon

Tax Info

Tax ID #: 24-205-177-0005-00 Taxable Value: 15600 SEV: 15600 For Tax Year: 2023 Annual Property Tax: 17493324 Tax Year: 2023 Spec Assessment & Type: none known Zoning: B-4

Remarks Misc

Directions: Shoreline Drive to W. Western Avenue, S on Pine Street to property.

Additional Details

Passenger Elevators: 1 Ceiling Height: 14

Waterfront Options

Water Access Y/N: No

Property Features

Property Use: Investment; Net Leased (nnn) Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail Ownership: LLC Business Includes: Real Estate Construction Type: Frame/Wood Exterior Material: Brick Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; 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 at List Office: Aerial Photo; Plat Map Docs Req Conf Agrmnt: Financials; Leases; Rent Roll Sale Conditions: None Send to Econ Dev Org: MEDC; SWMI First, Region 5
Listing Office: Core Realty Partners LLC
Listing Agent: Bryan Bench
Last Updated: March - 18 - 2025
794 Pine Street, Muskegon, MI 49442- MLS# 24008515
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