794 Pine St Muskegon, MI 49442

This exceptional Class A mixed-use property, located at 794 Pine St in the revitalized downtown Muskegon, Michigan, presents a compelling investment opportunity. The 34,965 square foot building, constructed in 1923 and extensively renovated between 2019 and 2021, boasts a 100% occupancy rate and a strong net operating income (NOI) of $250,000, yielding a 7.81% cap rate. The asking price is $2,995,000, translating to $91.52 per square foot. The three-story building (approximately 11,000 square feet per floor) features a vibrant mix of retail and office tenants. Ground floor retail spaces are occupied by successful businesses including Aldea Coffee, Kitchen 794, Capones Speakeasy, and Polka Dot Paisley. The upper floors house approximately 29 private offices, along with shared conference rooms, kitchen, and common areas, currently leased to a diverse range of professionals. A vacant garden level, previously used as a brewery and tasting room, offers significant upside potential for future income generation. The property sits on a 0.98-acre lot and is zoned FBC-MS. This turnkey investment provides immediate cash flow and substantial long-term growth prospects in a thriving downtown area.