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$3,200,000
794 Pine Street
Muskegon, MI 49442
MLS# 24008515
21000 sqft
 | 
794 Pine Street, Muskegon, MI 49442
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794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442 794 Pine Street, Muskegon, MI 49442

Property Description
Includes 4 W Webster Ave (PPN 61-24-205-177-0002-00). Northtown 794 represents a mixed-use investment opportunity situated within revitalized downtown Muskegon. This Class A property includes successful retail and food establishments along with stable professional office tenants. The building is comprised of 34,000 SF with 3 floors (11,000 +/- per) that include garden level and street level restaurant/retail space and upper floor professional office space. The building, built in 1923, was completely renovated in 2019 - 2021. The street level restaurant/retail spaces are fully occupied as well as the upper-level professional office space. The garden level is currently vacant and was previously occupied by a craft brewery operation and associated tasting room/bar area.

Details
Maps
Location & Property Info
County: Muskegon
Street #: 794
Street Name: Pine
Suffix: Street
State: MI
Zip Code: 49442
Zip (4): 1020
Cross Streets: Clay and W Webster
Property Sub-Type: Retail/Commercial
Area: Muskegon County - M
Municipality: Muskegon City
Office/Contract Info
Status: Active
Current Price: $3,200,000
List Price: $3,200,000
Auction or For Sale: For Sale
List Price/SqFt: 152.38
Prop Avail for Lease?: Yes
Sub Agency Type: %
Buyer Agency: 2.5
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-02-21
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.98
Lot Square Footage: 42689
Lot Dimensions: 132 x 168' + 133 x 33' x 133' x 95 x 167x21x109
Year Built: 1923
Road Frontage: 169
Mineral Rights: Unknown
Year Remodeled: 2021
Total # Units: 35
# Fin Bldg Lvls: 3
Total # Bldgs: 1
Total SqFt: 21000
Property Use Type: Investment
Full Baths: 6
Waterfront: No
School District: Muskegon
Tax Info
Tax ID #: 24-205-177-0005-00
Taxable Value: 15600
SEV: 15600
For Tax Year: 2023
Annual Property Tax: 17493324
Tax Year: 2023
Spec Assessment & Type: none known
Zoning: B-4
Remarks & Misc
Legal: Attached.
Directions: Shoreline Drive to W. Western Avenue, S on Pine Street to property.
Additional Details
Passenger Elevators: 1
Ceiling Height: 14
SqFt Information
Total Bldg Office Sq: 7000
Total Bldg Retail Sq: 14000
Total Bldg SqFt (Gro: 21000
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Investment; Net Leased (nnn)
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas
Util Avail at St: Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo; Plat Map
Docs Req Conf Agrmnt: Financials; Leases; Rent Roll
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Supplements
The garden level represents potential upside for an investor. The main level tenants include Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisely (women's boutique). The upper building level is comprised of private offices (29) and associated conference rooms, kitchen area, and common areas. This "co-work" space is occupied by a mix of tenants including counselors, attorneys, engineers, financial advisors, tax professionals and sales representatives.

Listing Office: Core Realty Partners LLC

Listing Agent: Bryan Bench

Last Updated: February - 23 - 2024

794 Pine Street, Muskegon, MI 49442 - MLS# 24008515
The listing broker’s offer of compensation is made only to MichRIC member MLSs and a number of other MLSs throughout Michigan under a reciprocity agreement. For a current list visit mlshelp.com.

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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