5797 Harvey St - Medical FOR SALE


Muskegon, MI 49444- Muskegon Heights
$2,900,000 USD
231-375-8033
5797 Harvey St, Muskegon, MI for Sale
$2,900,000 USD
Medical - FOR SALE
1/14
null | 7.7% Cap Rate

5797 Harvey St
Muskegon, MI 49444
Muskegon Heights


OVERVIEW

User/Investment opportunity in Norton Shores. Beautiful Class A professional office building situated in the highly desirable Harvey Street corridor. This primary commercial corridor includes national tenants such as Chik Fil A, Arby’s, Buffalo Wild Wings, Kohl’s, Starbucks, Subway, Menards, Target, and Meijer to name a few. The subject property was developed in 2005 by Community Shores Bank (now Choice One Bank) and is comprised of a 19,000+/- SF, two-story building situated on a 2-acre, signalized hard corner parcel at the intersection of Harvey and Mt. Garfield Road. The building currently is occupied by three lease tenants as well as a Choice One Bank retail branch location. The main level is fully occupied while the upper floor currently has approximately 5,000 SF of vacant lease space available representing potential upside. Choice One Bank will execute a leaseback of their current space. Choice One Financial Services is headquartered in Sparta, Michigan, and the parent company of Choice One Bank. They operate 37 offices in Michigan and have been in existence for over 125 years.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$145 USD /SF

CAP RATE

7.7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

PUD

APN/PARCEL ID

27-121-400-0006-60

ASK ABOUT THIS PROPERTY

Bryan BenchCore Realty PartnersMore Info
231-375-8033

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Bryan BenchCore Realty PartnersMore Info
231-375-8033

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.