360 W Western Avenue Muskegon, MI ^$ 1,750,000

360 W Western Avenue

^$ 1,750,000

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360 W Western Avenue

Muskegon, MI, 49440

^$ 1,750,000

Studio Baths0.0 Sq 25,965

Monthly Estimate*

^$ 12,224

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Studio

Commercial Property for sale in Muskegon, MI

for $1,750,000. This 25,965 square foot building was built in 1890 on a lot size of 0.25.

Looking for an opportunity to take part in the exciting community growth occurring in the city of Muskegon? All the heavy lifting has been done here. This beautiful and scrupulously restored historic landmark building, The Russell Block, sits squarely in the epicenter of downtown Muskegon's up and coming waterfront community. Upon arrival at this historic landmark, you will be transported on a journey to the Lumber Baron Era during which in 1890, this fabulous building was created. In 2011-13 it was lovingly restored to its former glory and now includes a complete modernization of all the systems within. Steeped in history, this property has been the home of the U.S. Post Office, the YMCA, Western Union Telegraph, a theatre, and different fraternal social clubs. Current tenant spaces

Commercial Active

Price

^$ 1,750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 17,081

Style

Commercial/Industrial

Lot Size

0.25

Year Built

1890

Town/City

Muskegon

County/Region

Muskegon

MLS | Web ID

70388384

Features

General

Heating Forced Air

Possession At Close

Roof Other-See Remarks Rubber

Water Public Water Public Water at Street

Status Active Active

Year Built 1890

County Muskegon

Class COM/IND/BUS OPP

Type Commercial/Industrial

Percent Ownership LLC

Municipality Muskegon

Subdivision MI

Commercial Features Bath Cable Internet Installed Cable TV Available Electric Available Gas Available Sprinkler System Telephone

Area Muskegon (61023)

Primary City Muskegon

Directions Shoreline Drive/Business 31 to south on Third Street to east on W. Western Avenue to property

City Muskegon

Street Name Western

Financial Terms Cash Conventional

Legal Description CITY OF MUSKEGON DOWNTOWN MUSKEGON DEVELOPMENT CENTER NO 1 UNIT 5 SBJT TO VAC ST/ALLEYSRECOR'D 1041/965 SBJT TO VAC

DOM 82

Postal Code 49440

Price Per Sq Ft 67.4

Coming Soon

Exterior

Exterior Brick Concrete Frame Wood

Frontage 97

Lot Size Area 0.25

Lot Dimensions 97.7x116

Roads City/County Paved Street

Waterfront Y/N No

Interior

Fuel Type Natural Gas

* Excluded Features

List By

Cathy Nyboer

Listing Agent

Five Star Real Estate (Grandv)

Broker

ccakc4245@gmail.com

Affordability Calculator

$13,648

Per Month

Monthly Principal & Interest: $12,224
Monthly Property Taxes: $1,423
Monthly Home Insurance: --

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Down Payment

Loan Term

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Muskegon, MI

Average List Price ^$341,813

Percent of Sale Price 80%

About Muskegon, MI

39,458 Population

1% Since 2002

^$28,840 Median Income

35.7 Median Age

28% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

760529 Elementary School

760235 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/4/2024	$1,750,000		Listed Price

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360 W Western Avenue, Muskegon, MI, 49440 is a Commercial Property for sale at $1,750,000 with 25,965 sqft and a lot size of 0.25. 360 W Western Avenue is a studio with 0.0 baths and was built in 1890. The property's zip code is 49440 which is in Muskegon, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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360 W Western Avenue

Commercial Property for sale in Muskegon, MI

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