www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
28991430
28991426

2 Locations For Sale

MV
MI 6​5​0​1​3​6​8​9​7​0
Advantage Commercial Real Estate
TS
MI 6501460763
Advantage Commercial Real Estate
Listed by Advantage Commercial Real Estate
$9,450,000
213 days on market
Updated 16 days ago
Opportunity zone

Revitalized Muskegon Portfolio

Details
Property Type Retail, Office (+1)
Sub Type Restaurant, Executive Office (+1)
Square Footage 83,930
Cap Rate 8.79%
NOI $831,011
Occupancy 91.1%
Tenancy Multi
Rent Bumps Yes
Year Renovated 2021-2025
Buildings 2
Acreage 3.100
Investment Type Core+

Retail | 8.79% CAP | 83,930 SqFt

Marketing description

Advantage commercial real estate is pleased to present a rare opportunity to acquire a two-asset, mixed-use portfolio totaling 83,930 sf in the heart of downtown Muskegon’s revitalizing commercial district. Representing more than $10 million in recent capital investment, core plaza and Northtown 794 collectively offer investors a stabilized, diversified income stream backed by strong occupancy, modern redevelopment, and transferable tax incentives.

Together, the assets generate a combined $839,798 in NOI and are offered at a cap rate of 8.11% based on the $10,350,000 portfolio pricing. The mix of retail, food & beverage, coworking, and professional office tenancy provides both resilience and upside as Muskegon continues to experience accelerated urban growth and demand for high-quality commercial space.

Investment highlights

  • 54 Co-working Units | 100% Occupied

  • 18 Retail Suites & Stalls | 4 Vacancy

  • $10+ Million in Capital Invested

  • 11,600 SF of Fully Occupied Professional Office Space

Listing Contacts

MV
MI 6​5​0​1​3​6​8​9​7​0
Advantage Commercial Real Estate
TS
MI 6501460763
Advantage Commercial Real Estate
Listed by Advantage Commercial Real Estate

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$831,011.00
$69,250.92/mo

Valuation Metrics

0
DSCR
8.79%
Cap Rate
8.79%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Michael Visser
License
6​5​0​1​3​6​8​9​7​0
Brokerage
Advantage Commercial Real Estate
Brokerage Phone
616-262-7591
Title
Real Estate Salesperson
Brokerage Address
3333 Deposit Drive Northeast
Name
Tyler Schewe
License
6501460763
Brokerage Phone
7345368898
Title
Real Estate Salesperson
Brokerage Address
3333 Deposit Drive Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591