Restaurant with Entertainment
1300 W Sherman Boulevard, Muskegon, MI 49441
For Sale
$399,900
Commercial Sale, Muskegon, MI
Property Size2,505 SF
Lot Size1.09 Acres
Price / SF$159.64
Days on Market619
Property Features for 1300 W Sherman Boulevard
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Interior features
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Listing Agency:
Legacy Real Estate Partners
(616) 402-3595
Listed By:
Darrin Miller
(231) 683-5597
Added: Feb 27, 2025
Changed: Oct 31
Last Checked: Nov 7 at 8:06AM
MLS# 25007045
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.
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Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 2,505-square-foot building on 1.09 acres, with seating for over 100 guests. The improvements include updated floors, exterior work, a newer deck, bathrooms, and a kitchen. Central air, forced-air heating, broadband, and cable availability are also in place.
Located at 1300 W Sherman Boulevard in Muskegon, the property fronts a main street described as carrying substantial traffic. The site includes ample parking and exterior area for potential expansion or development. The operation includes business items, inventory, amenities, and a license, along with entertainment features such as live music, comedy, DJs, karaoke, pool tables, a jukebox, keno, and televisions for sporting events. The building was constructed in 1950.
Located at 1300 W Sherman Boulevard in Muskegon, the property fronts a main street described as carrying substantial traffic. The site includes ample parking and exterior area for potential expansion or development. The operation includes business items, inventory, amenities, and a license, along with entertainment features such as live music, comedy, DJs, karaoke, pool tables, a jukebox, keno, and televisions for sporting events. The building was constructed in 1950.
Key Highlights
- 2,505‑square‑foot restaurant building on 1.09 acres
- Seating for over 100 guests
- Located at 1300 W Sherman Boulevard, Muskegon, MI 49441
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,862
Cap Rate
6.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
$557.2K
Cap Rate 7%
$398,029
$398.0K
Cap Rate 9%
$309,578
$309.6K
Market Conditions
NOI Build-Up for 2,505 SF
Gross rent
$38.8K $15.48/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$37.1K $14.83/SF
− OpEx
−$9.3K −$3.71/SF
NOI
$27.9K $11.12/SF
Area
Muskegon County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,240
Cap Rate 7%
$398,029
Cap Rate 9%
$309,578
Alternative Uses
Best Use
Specialty Retail
$398.0K
$348.3K – $464.4K
NOI $27,862 @ 7.0% cap · market cap 6.97%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$23.52M
$20.58M – $27.45M
NOI $1,646,718 @ 7.0% cap · market cap 411.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
59k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Home Improvements & Furnishings 46%
The Home Depot
Home Improvements & Furnishings
26,924 visits/mo
0.4 miles
Wesco
Shops & Services
25,602 visits/mo
0.2 miles
Lake Michigan Credit Union
Shops & Services
6,072 visits/mo
0.5 miles
Demographics for 49441, MI
36,886
Population
16,491
Households
2.2
Avg Household Size
43
Median Age
28%
College-Educated
94%
High-School Grad
21.7 sq mi
ZIP Area
1,700
Density / Sq Mi
$65,235
Median Household Income
$38,132
Median Earnings
$1,080
Median Rent
$194,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Conventional restaurants in Muskegon, MI
Properties on Market for Conventional restaurants in Muskegon
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established venue includes a newer deck, updated kitchen and bathrooms, and space for gatherings and live entertainment.
Where is this conventional restaurant located?
The property is located at 1300 W Sherman Boulevard Muskegon, MI.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,505‑square‑foot restaurant building on 1.09 acres; Seating for over 100 guests; Located at 1300 W Sherman Boulevard, Muskegon, MI 49441
