1148 & 1195 W Western Ave

Vacant Land for Sale
Also listed as Industrial
Catylist Listing ID: 30472120
Property Subtypes: Hospitality, Industrial, Multi-Family, Office, Other
Gross Land Area: 20 Acres
Sale Price: $3,200,000
Unit Price: $160,000 Per Acre
Office SF: 2,000 SF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/14/2020

Overview / Comments

Best views on Muskegon Lake. Rare opportunity to acquire 20 acres of prime waterfront development property in booming Muskegon, Michigan. This property is also located in a Qualified Opportunity Zone offering investors upside potential with significant potential tax advantages.
Historically this site has been used for industrial purposes, however, it is ideal for a mixed use waterfront development which could include uses such as marinas, residential uses, retail, restaurants, entertainment, boat storage, or an other use consistent with a high quality waterfront property.
There is an existing 75,000 square foot building which could be re-used for a multitude of uses or removed for additional development flexibility. There is also an adjacent land parcel available which can increase the size of this development.
The building that is presently on the site is approximately 75,000 square feet and has been updated in terms of its electrical service and can be used for a wide variety of warehouse uses or boat storage operations.
When viewing this property, in terms of its location on a point at the center of beautiful Muskegon Lake, you can quickly see that this site is truly one of a kind and offers limitless opportunities.

Additional Details

Nearest MSA: Muskegon
County: Muskegon
Taxing Authority: City of Muskegon
Tax ID/APN: 61-24-205-577-0004-00 & 61-24-205-470-0006-00
Zoning: I-2 INDUSTRIAL
Property Located Between: Franklin St and Chesapeake & Ohio Railway and W Western Ave and Muskegon Lake
Highway Access: 0.52 Miles to Business 31 and 3.66 Miles to US-31
Airports: Muskegon County Airport and Gerald R Ford International Airport
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,590 61,095 101,454
Median Age: 34.13 36.27 37.8
Households: 3,266 24,471 39,029
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.