380 W Western Ave Units 1 & 2 Muskegon, MI 49440

FOR SALE

Office Units

Property ID

US43-Q011503

8,714 SF Built 2008

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$1,525,000 8,714 SF

380 W Western Ave,Unit Units 1 & 2, Muskegon, MI 49440
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These commercial condominium units present an opportunity to own the entire first floor of this landmark multi-tenant building in the heart of Downtown Muskegon. Units 1 and 2 combine to include 8,714 SF of main level office/commercial/retail space. The offering is 100% occupied by two professional office tenants and one national food retailer. The corner location provides convenient client access, excellent visibility and much-desired walkability to restaurants, shopping and both cultural and waterfront activities. Member of owner LLC is a licensed Realtor.

Property type Office Units

Year built 2008

Total area 8,714 SF

UPID US43-Q011503

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

380 W Western Ave, Unit Units 1 & 2 Muskegon, MI 49440

Muskegon metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

$415,000

2,335 SF

Downtown Office Condominium Suite

Main-floor professional suite in the Hines Building with private offices, conference room, reception, and ADA restrooms.

380 W Western Avenue, Muskegon, MI 49440

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$349,000

1,166 SF

Street-Level Office Suite with Basement Storage

Street-level office suite with four private offices, reception area, kitchenette, two open workspaces, plus dedicated basement storage.

296 W Clay Avenue, Muskegon, MI 49440

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$1,525,000

8,714 SF

First-Floor Commercial Condominium Units

Own two combined first-floor units totaling 8,714 SF in a landmark multi-tenant building, 100% occupied.

380 W Western Avenue, Muskegon, MI 49440

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New

$399,000

Street-Level Office and Retail Space

Flexible street-level suite with private offices, reception, kitchenette, open work areas, and dedicated basement storage.

296 W Clay Avenue #4C, Muskegon, MI 49440

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$1,115,000

6,379 SF

Downtown Office-Retail Condominium

Main-floor corner unit in the Hines/Chamber of Commerce building with a split layout for office and retail.

380 W Western Avenue, Muskegon, MI 49440

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New

Contact for pricing
80,700 SF

Street-Level Mixed-Use Property

2021 construction in downtown Muskegon with on-site parking and flexible commercial positioning.

1021 Jefferson Street, Muskegon, MI 49440

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Similar Nearby for Sale

$415,000

2,335 SF

Downtown Office Condominium Suite

Main-floor professional suite in the Hines Building with private offices, conference room, reception, and ADA restrooms.

380 W Western Avenue, Muskegon, MI 49440

View Details
$349,000

1,166 SF

Street-Level Office Suite with Basement Storage

Street-level office suite with four private offices, reception area, kitchenette, two open workspaces, plus dedicated basement storage.

296 W Clay Avenue, Muskegon, MI 49440

View Details
$1,525,000

8,714 SF

First-Floor Commercial Condominium Units

Own two combined first-floor units totaling 8,714 SF in a landmark multi-tenant building, 100% occupied.

380 W Western Avenue, Muskegon, MI 49440

View Details
New

$399,000

Street-Level Office and Retail Space

Flexible street-level suite with private offices, reception, kitchenette, open work areas, and dedicated basement storage.

296 W Clay Avenue #4C, Muskegon, MI 49440

View Details
$1,115,000

6,379 SF

Downtown Office-Retail Condominium

Main-floor corner unit in the Hines/Chamber of Commerce building with a split layout for office and retail.

380 W Western Avenue, Muskegon, MI 49440

View Details
New

Contact for pricing
80,700 SF

Street-Level Mixed-Use Property

2021 construction in downtown Muskegon with on-site parking and flexible commercial positioning.

1021 Jefferson Street, Muskegon, MI 49440

View Details

Similar Nearby for Lease

New

$68 SF/Yr

Coworking Offices With Shared Amenities

Third-floor offices include access to reception, conference rooms, and an employee kitchen and break area.

221 W Webster Avenue #305, Muskegon, MI 49440

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Contact for pricing
40,000 sqft

Office Space For Rent

Prime office space available for rent in great location.

860 Terrace St, Muskegon, MI 49440

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New

Contact for pricing
1,300 sqft

Office Space Available For Rent

Office space available for rent at 285 W Western Ave.

285 W Western Ave, Muskegon, MI 49440

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Contact for pricing

Single-Tenant Office Unit

Office space designated for one tenant in a 1962 building.

221 W Webster Avenue 308, Muskegon, MI 49440

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$13 SF/Yr

80,700 sqft

Street-Level Commercial Space

Newer street-level space in a mixed-use, multi-story building with ample on-site parking and developer white-box build-out included.

1021 Jefferson Street, Muskegon, MI 49440

View Details
$13 SF/Yr

80,700 sqft

Street-Level Retail Office Space

Newer street-level space in a mixed-use, multi-story downtown building with ample on-site parking.

1021 Jefferson Street, Muskegon, MI 49440

View Details