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    1308 Sherman Blvd Muskegon, MI 49441

    Sponsored
    For Sale
    $395,000

    Established Sports Bar & Restaurant, 5,304 SF

    Property size:
    5,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional turnkey restaurant opportunity presents a rare chance to acquire a well-established business in Muskegon, Michigan. Located at 1308 W Sherman Boulevard, this 5,304 square foot property sits on a desirable 0.57-acre corner lot, offering dual access points and ample parking. Built in 1930, the building boasts a rich history as a Muskegon landmark, operating for over 30 years as a popular sports bar and restaurant known for its Mexican cuisine and highly-rated steaks. The property includes a residential space upstairs, ideal for owner or manager occupancy. The business enjoys a strong reputation, evidenced by its 4+ star rating across Restaurantji, Facebook, and TripAdvisor. The asking price is $395,000, translating to $74.47 per square foot. The property's APN is 24-382-029-0014-00. This is a truly hands-free operation, ready for a new owner to step in and continue its success. The property is categorized as retail, with a restaurant subtype. This prime location in Muskegon County, Michigan (zip code 49441), offers significant potential for continued growth and profitability. The single building is situated on a large lot, providing ample space for outdoor seating or expansion. This is a unique opportunity to own a thriving business with a proven track record in a highly desirable location.

    Property Features for 1308 Sherman Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    5,304 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built
    1930
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Muskegon
    County
    Muskegon
    State
    Michigan
    Longitude
    -86.2759059
    Latitude
    43.2057703

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    FAQs

    What type of property is this?
    Restaurant - Established Sports Bar & Restaurant, 5,304 SF
    Where is this restaurant located?
    The property is located at 1308 Sherman Blvd Muskegon, MI.
    What is the asking price?
    The asking price for this property is $395,000.
    Request Owner's contact information
    1308 Sherman Blvd Muskegon, MI 49441
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1308 Sherman Blvd Muskegon, MI 49441
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