794 Pine St - Storefront Retail/Office FOR SALE


Muskegon, MI 49442- Jackson Hill
$2,995,000 USD
231-375-8033
794 Pine St, Muskegon, MI for Sale
$2,995,000 USD
Storefront Retail/Office - FOR SALE
1/33
null | 8.34% Cap Rate

794 Pine St
Muskegon, MI 49442
Jackson Hill


OVERVIEW

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. The garden level represents potential upside for an investor. The main level tenants include Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisley (women's boutique). The upper level is comprised of private offices (2) 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.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$86 USD /SF

CAP RATE

8.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Pine Street and Seaway Drive.

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

B-4

APN/PARCEL ID

24-205-177-0005-00

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.