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    Muskegon Downtown Investment Opportunity

    1208 8th Street Muskegon, MI 49440

    1208 8th Street, Muskegon, MI, 49440
    $1,200,000
    For Sale
    Claim this Listing
    $1,200,000

    COMMERCIAL - Muskegon, MI

    Property Size6,522 SF
    Lot Size0.56 Acres
    Price / SF$183.99
    AddedFeb 27
    Days on Market138
    Last RefreshJul 15 at 5:06 am

    Property Features for 1208 8th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    24-957-019-0031-00
    Size
    6,522 SF
    Lot size
    0.56 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Attached.
    Tax Annual Amount
    2386

    Utilities

    Utilities
    Natural Gas Available
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Floors in Building
    1
    Number of units
    1
    Building materials
    Brick, Stone

    Listing agent Bryan D Bench License #6505385692

    Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI

    Listing date Feb 27, 2026

    MLS# 26007245

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This commercial property presents an investment opportunity in downtown Muskegon. The building has been improved with new utilities, a new roof, new windows, and new restrooms. The interior is finished to a white-box condition. The tenant intends to complete the space for use as a restaurant and bar venue. The property is situated in a prime location at the intersection of W. Western Avenue and 8th Street, across from Muskegon Lake and Heritage Landing, a waterfront gathering place that hosts community festivals and events. The lot size is 0.56 acres, and the property size is 6,522 square feet.

    Key Highlights

    • Prime downtown location at W. Western Avenue and 8th Street
    • Across from Muskegon Lake and Heritage Landing
    • New utilities, roof, windows, and restrooms

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $123.7k $18.96
    − Vacancy −$3.2k −$0.49
    EGI $120.4k $18.47
    − OpEx −$36.1k −$5.54
    NOI $84.3k $12.93
    6,522 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.20M
    $1.05M – $1.41M (±1% cap)
    NOI $84,309 @ 7.0% cap · market cap 7.03%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $61.25M
    $53.59M – $71.46M (±1% cap)
    NOI $4,287,382 @ 7.0% cap · market cap 357.28%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Dental Office Hair Salon Nail Salon Computer & Electronic Repair (Bike/Boat/Book/etc) Store Grocery & Convenience Store Locksmith Furniture & Home Goods Garden Center Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Retail space - Prime location near Muskegon Lake, suitable for restaurant/bar.
    Where is this retail space located?
    The property is located at 1208 8th Street Muskegon, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Prime downtown location at W. Western Avenue and 8th Street; Across from Muskegon Lake and Heritage Landing; New utilities, roof, windows, and restrooms
    Contact an agent
    (231) 578-2508
    We can help!
    Contact an agent
    Bryan D Bench
    Bryan D Bench
    Real Estate License ID: 6505385692
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