609 West Western Ave, Muskegon, MI 49440
For Sale
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This exceptional investment opportunity presents a newly remodeled, 1,990 square foot bar and restaurant building located at 609 W Western Ave in Muskegon, Michigan. The property, identified by APN 24-205-316-0009, boasts a prime location in the heart of downtown Muskegon, offering stunning views of Muskegon Lake. The building is a two-story Class B structure with a single tenant currently enjoying 100% occupancy. The sale is structured as a sale/leaseback with a NNN lease in place. The asking price is $650,000, translating to $326.63 per square foot. The property is zoned for commercial use and includes a full kitchen. While the business, liquor license, and furniture, fixtures, and equipment (FF&E) are not included in the sale, the possibility of acquiring these assets separately may be available. This turnkey opportunity is perfect for investors seeking a strong return in a vibrant downtown location. The building features a significant additional 2744 square feet of space, including a rooftop deck complete with restrooms and a bar. This unique offering combines a desirable location with a recently updated building, presenting a compelling investment prospect. Don't miss this chance to own a piece of Muskegon's thriving downtown scene.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
FBC-MS · Muskegon, MIMuskegon. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.