Landmark Bar and
2998 N Scenic Drive Muskegon, MI 49445
For Sale
Contact for pricing
Long-established bar and restaurant near Lake Michigan with consistent local traffic from state park campers and beach goers.
Property Size3,191 SF
Price / SF$169.23
Days on Market214
Property Features for 2998 N Scenic Drive
General Information
- Standard status
- Active
- Size
- 3,191 SF
- Property subtype
- Business for Sale, Retail
Building Details
- Year Built
- 1900
Listing Agency:
Greenridge - Nexes
(231) 739-3501
Listed By:
James Fett · License #6501245325
Source:
Crexi
Added: Dec 22, 2025
Changed: Jul 23
Last Checked: Jul 23 at 8:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenridge - Nexes
Investment Insights
Based on property information with market context.
The Red Rooster is a long-established landmark bar and restaurant offering food service in a long-running local setting. The property includes the established bar and dining concept reflected in its reputation as a popular neighborhood hangout.
Located at 2998 N Scenic Drive in Muskegon, Michigan, the site is described as being close to Lake MI. Public remarks also note strong activity tied to state park campers, beach goers, and winter enthusiasts.
This is a for-sale opportunity presented as an ongoing business location. Buyer and buyers agent are asked to verify all information.
Located at 2998 N Scenic Drive in Muskegon, Michigan, the site is described as being close to Lake MI. Public remarks also note strong activity tied to state park campers, beach goers, and winter enthusiasts.
This is a for-sale opportunity presented as an ongoing business location. Buyer and buyers agent are asked to verify all information.
Key Highlights
- Year built 1900
- Long‑established bar and restaurant
- Located close to Lake Michigan
Financial Insights For Specialty 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 | $49.4k | $15.48 |
| − Vacancy | −$2.1k | −$0.65 |
| EGI | $47.3k | $14.83 |
| − OpEx | −$11.8k | −$3.71 |
| NOI | $35.5k | $11.12 |
3,191 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.0K
$443.7K – $591.5K
NOI $35,492 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$29.97M
$26.22M – $34.96M
NOI $2,097,675 @ 7.0% cap · market cap 388.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar Off Market Nearby
- Red Rooster Tavern — 2998 N Scenic Dr, Muskegon, MI 49445
FAQs
What type of property is this?
Bar & Pub - Long-established bar and restaurant near Lake Michigan with consistent local traffic from state park campers and beach goers.
Where is this bar & pub located?
The property is located at 2998 N Scenic Drive Muskegon, MI.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Year built 1900; Long‑established bar and restaurant; Located close to Lake Michigan
