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
Baths5.0

Monthly Estimate*

$ 11,631

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Studio

Commercial Property for sale in Muskegon, MI

for $1,750,000 with 5 full baths. This 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 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.

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Commercial Active

Price

$ 1,750,000

Bedrooms

Studio

Full Bath

5

Property Type

Commercial

Taxes

$ 17,081

Style

Retail/Commercial

Lot Size

0.25

Year Built

1890

Town/City

Muskegon

County/Region

Muskegon

MLS | Web ID

24005915

Features
General
Sewer Public Sewer
Cooling Central Air
Utilities Phone Available Storm Sewer Available Public Water Available Public Sewer Available Natural Gas Available Electric Available Cable Available Broadband Available Phone Connected Natural Gas Connected
Possession Close Of Escrow
Roof Rubber Concrete
Construction Materials Concrete Brick
Year Built 1890
Township Muskegon City
Property SubType Retail/Commercial
Tax Year 2023
Business Type Other Professional/Office Professional Service Restaurant Bar/Tavern/Lounge Retail
County Muskegon
New Construction N
Property Type Commercial Sale
Building Features Barrier Free Bath Common Area Fire Sprinkler Multi User Facility Security System
Status Active
Directions Shoreline Drive/Business 31 to south on Third Street to east on W. Western Avenue to property
City Muskegon
High School District Muskegon
Zoning Description Central Busines
NumberOfUnitsTotal 7
MLS Area Muskegon County - M
Lot Size Units Acres
Lot Size Square Feet 11034.0
Waterfront Y/N N
Street Name Western
Land Lease Y/N N
Tax Annual Amount 17081.0
Lease Renewal Y/N N
MLS Area Minor Muskegon County - M
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 126
Standard Status Active
Tax Assessed Value 286539
Ownership Type LLC
Legal Description CITY OF MUSKEGON DOWNTOWN MUSKEGON DEVELOPMENT CENTER NO 1 UNIT 5 SBJT TO VAC ST/ALLEYS RECOR'D 1041/965 SBJT TO VAC
Senior Community None
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Interior
Basement Full
Total Fireplaces 1
Total Stories 3
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Full Baths 5
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 5
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Exterior
Water Source Public
Inclusions {u'Real Estate': True}
Lot Size Area 0.25
Number of Buildings 1
Spa N
Building Area Total 25965.0
Lot Dimensions 97.7x116
Lot Size Acres 0.25
Road Surface Type Paved
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 360
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* Excluded Features
List By
Five Star Real Estate (Grandv)

Broker

ccakc4245@gmail.com

Email

Affordability Calculator

$13,054
Per Month
89%
11%
0%
Monthly Principal & Interest
$11,631
Monthly Property Taxes
$1,423
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
248771 Elementary School
250013 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
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 a lot size of 0.25. 360 W Western Avenue is a studio with 5.0 baths and was built in 1890. The property's zip code is 49440 which is in Muskegon, MI