350 Western AveMuskegon, MI 49440

  • Commercial real estate
  • 6,883 SF
For Lease
$20/SF/YR View listing

Property Details for 350 Western Ave

Year built
1887
Lot size
8.58 AC
Property size (Sq ft)
6,883 SF
Zone code
FBC-DT
Property type
Commercial real estate
APN
61-24-233-000-0006-00
APU
6124233000000600

Description

This iconic, single-tenant restaurant building at 350 W Western Ave in Muskegon's vibrant downtown is available for sale. The property, a tastefully renovated 1887 historic Savings and Loan Bank building, boasts 6,883 total square feet, with 5,625 square feet currently vacant. The lot size is 0.11 acres. The one-story building underwent renovations in 2016, preserving its historic charm while offering modern amenities. Previously housing the 18th Amendment Spirits Company, a craft distillery and restaurant, the property includes a fully equipped kitchen and a wood-fired pizza oven. All furniture, fixtures, and equipment (FFE) are included in the sale price, presenting a turnkey opportunity for a restaurateur or similar operator. Its prime location in the heart of Muskegon's entertainment district places it in close proximity to the Trinity Health Arena, Frauenthal Center, and the West Michigan Symphony Orchestra, ensuring high visibility and foot traffic. This presents an excellent opportunity to establish a thriving, year-round destination in a bustling downtown area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,438,932
    Hospitality
    $1,318,054
    Educational
    $1,096,605
    Medical
    $1,134,319
    Retail
    $1,705,830

Location Insight

City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.2363
Longitude
-86.2523
CBSA code
34740
CBSA name
MUSKEGON-NORTON SHORES, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,697
-
-
$295,100
-
-
-
$590,200

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