Listed by Core Realty Partners LLC
$1,200,000
1208 8th Street
Details
APN 24-957-019-0031-00
Property Type Retail, Office
Sub Type Storefront, Executive Office
Square Footage 6,522
Units 1
Cap Rate 6.45%
NOI $87,127
Price per SqFt $207
Year Built 1947
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.560
Zoning PUD
Ownership LLC
Retail | 6.45% CAP | 6,522 SqFt
Marketing description
Investment opportunity in downtown Muskegon. The subject property building has been improved with new utilities, roof, windows, restrooms, etc. The interior is currently finished to a white-box condition and the tenant intends to finish the space for use as a restaurant/bar venue. The property is situated in a prime location at W. Western Avenue and 8th Street, across from Muskegon Lake and the popular Heritage Landing waterfront gathering place, which is the site of many community festivals and events.
Investment highlights
- 6,522 Square Foot Commercial/Retail Building
- Zoned PUD
- Built in 1947 | Renovated 2021/2022
- Ceiling Height 12' - 12'
- Lot Size 165' deep
- Secondary Uses: Restaurant, Tavern/Bar/Nightclub, Brewery/Distillery/Winery
Listing Contacts
Listed by Core Realty Partners LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$87,127.00
$7,260.58/mo
Valuation Metrics
0
DSCR
7.26%
Cap Rate
7.26%
ROI
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