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    Property profile & analytics
    FOR SALE
    Commercial real estate

    609 West Western Ave, Muskegon, MI 49440

    2,005 SF 0.08 ac lot Built 1945
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-1033975
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1945
    Total area 2,005 SF
    Lot 0.08 ac (3,354 SF)
    Zoning code FBC-MS
    APN 61-24-205-316-0009-10
    UPID US43-1033975
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Glenside Estates II LLC · 5 yrs held
    Glenside Estates II LLC
    since 2021
    1 recorded transaction
    2021
    Zoning & alternative use
    FBC-MS · Muskegon, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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