794 Pine Street $2,995,000

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    794 Pine Street Muskegon, MI 49442

    • 21,000 sq. ft.
    • 0.98 Acres
    • Commercial
    • MLS# 24008515
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    Views: 52 Days On Site: 274

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    Property Details

    Description Tours

    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. 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.

    • General Features
      • Year Built 1923
      • New Construction Y/N false
      • Business Type Professional/Office,Professional Service,Restaurant,Bar/Tavern/Lounge,Retail
      • County Or Parish Muskegon
      • Property Sub Type Retail/Commercial
      • Tax Annual Amount 17493324.0
    • Building Features
      • Cooling Central Air
      • Cooling Y/N true
      • Construction Materials Brick
      • Building Area Total 21000.0
      • Number Of Units Total 35
      • Heating Y/N true
      • Heating Forced Air
      • Full Bathrooms 6
      • Bathrooms 6
    • Property Features
      • Lot Size Acres 0.98
      • Lot Size Area 0.98
      • Number Of Buildings 1
      • Utilities Cable Connected
      • Water Source Public
      • Waterfront Y/N false
    • Schools
      • High School District Muskegon

    Neighborhood

    49442 (Muskegon) Demographics

    35 Median Age
    906 Population Density (per sq. mile)
    21% College Educated
    $41,433 Estimated Median Income
    10,326 Estimated Total Home Owners
    5,071 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    41,823 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $169,750 Median Sales Price
    80 Homes Sold
    113 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,995,000
        8/20/2024 11:15:45 AM Price Reduced Source: Multiple Listing Service New Value: $2,995,000 -6.41%
        2/21/2024 12:15:00 PM New in Database Source: Multiple Listing Service New Value: $3,200,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.