$1,750,000
Muskegon, MI 49440
MLS# 24005915
25965 sqft
1 / 39
Property Description
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
Details
Maps
Location & Property Info
County: Muskegon
Street #: 360
Street Direction: W
Street Name: Western
Suffix: Avenue
State: MI
Zip Code: 49440
Zip (4): 1273
Cross Streets: Western Ave & Third St
Property Sub-Type: Retail/Commercial
Area: Muskegon County - M
Municipality: Muskegon City
Principal Road: Yes
Office/Contract Info
Status: Active
Current Price: $1,750,000
List Price: $1,750,000
Auction or For Sale: For Sale
List Price/SqFt: 67.4
Prop Avail for Lease?: No
Sub Agency: 2.25
Sub Agency Type: %
Buyer Agency: 2.25
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-02-01
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.25
Lot Square Footage: 11034
Lot Dimensions: 97.7x116
Year Built: 1890
Road Frontage: 97.7
Mineral Rights: Unknown
Year Remodeled: 2007
Total # Units: 7
# Fin Bldg Lvls: 3
Total # Bldgs: 1
Total SqFt: 25965
Property Use Type: Investment
Full Baths: 5
Waterfront: No
School District: Muskegon
Tax Info
Tax ID #: 24-233-000-0004-00
Taxable Value: 286539
SEV: 725300
For Tax Year: 2023
Annual Property Tax: 17081
Tax Year: 2021
Spec Assessment & Type: None known
Zoning: Central Busines
Remarks & Misc
Legal: CITY OF MUSKEGON DOWNTOWN MUSKEGON DEVELOPMENT CENTER NO 1 UNIT 5 SBJT TO VAC ST/ALLEYS
RECOR'D 1041/965 SBJT TO VAC
Directions: Shoreline Drive/Business 31 to south on Third Street to east on W. Western Avenue to property
Property Features
Property Use: Investment; Net Leased (nnn)
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Concrete; Frame/Wood
Exterior Material: Brick; Concrete
Roofing: Rubber; Other
Below Grade: Basement; Full
Additional Features: Barrier Free; Bath Common Area; Fire Sprinkler; Multi User Facility; Security System
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Sale Conditions: None
Supplements
have been tailored to accommodate specific needs for brewing, refrigeration, a full-service kitchen, sound-proofing, master keyed, and are separately metered.
The open concept industrial chic main floor is home to Muskegon's brewery revival and features elevated ceilings with exposed joists, ducts, piping & lighting, original hardwood floors and brick walls with an atrium opening to the lower level waiting for future growth. This main floor space has it's own live music and entertainment area. The second floor is home to the BLOCK, a modern and intimate performing arts and concert setting with a loft balcony and rooftop patio garden with views of Muskegon Lake. Also on the 2nd floor are professional offices overlooking W Western Ave. The mezzanine level offers professional office or meeting space as does the third Floor.
Festive wall art and a new art mural adorn the 3,000 SF courtyard complete with outdoor seating and a live music space. The commercial possibilities with this 3, possibly 4 level historic beauty are endless. Call for more info or to schedule an appt.
Listing Office: Five Star Real Estate (Grandv)
Listing Agent: Cathy Nyboer
Last Updated: February - 08 - 2024
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.
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