350 E Broadway Avenue, Muskegon Heights, MI 49444 (MLS# 17058820)

350 E Broadway Avenue, Muskegon Heights, MI 49444

$1,300,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/17058820

Property Type: Commercial Sale Square Footage: 100,060 Lot Size (sq. ft.): 159,603 Status: Sold

Current Price: $1,300,000 List Date: 12/11/2017 Last Modified: 10/21/2021

Overview

Description

An exceptional investment opportunity to acquire a 100% interest, providing investors with a stable return over the next 10 years based on a long-term sale/leaseback transaction. The subject property is located in Muskegon County with convenient access to the primary thoroughfare US31 connecting to interstates 96 and I96. The property consists of a 3.7-acre site occupied by a 100,000 SF industrial building. The building is currently fully leased for warehousing and light assembly operations.

Listing Details MLS# 17058820

Location Property Info

County: Muskegon
Street #: 350
Street Direction: E
Street Name: Broadway
Suffix: Avenue
State: MI
Zip Code: 49444

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 3.66
Lot Square Footage: 159603
Lot Dimensions: 266' x 600'
Year Built: 1967
Road Frontage: 266
Total # Units: Yes
# Fin Bldg Lvls: Yes
Total # Bldgs: Yes
Total SqFt: 100060
Full Baths: 3
Waterfront: No
School District: Muskegon Hts

Tax Info

Tax ID #: 6126185202000100
Taxable Value: 180589
SEV: 238300
For Tax Year: 2017
Seller's Annual Property Tax: 13428.26
Tax Year: 2017
Spec Assessment & Type: none known

Remarks Misc

Directions: BUS31 to Getty St. north to Broadway west.

Status Change Info

Under Contract Date: 2018-03-27
Sold Date: 2018-06-12
Sold Price/SqFt: 12.99

More Information

Additional Details

# Loading Docks/Well: 2
Grd Lvl OH Doors: 2
Ceiling Height: 16

Waterfront Options

Water Access Y/N: No

Property Features

Uses: Distribution; Manufacturing; Storage Ownership: Corporation Business Includes: Non-Applicable Construction Type: Block Additional Features: Fire Sprinkler Tenant Pays All: Building Insurance; Common Area Maintena; Gas; Janitorial; Management Fee; Prop Taxes/Assess; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; Natural Gas Available; Storm Sewer Heat Source: Natural Gas Heat Type: Space Heater Purchase Terms Avail: Cash; Conventional Docs Req Conf Agrmnt: Environmental Reports; Financials Sale Conditions: None

Listing Office: Core Realty Partners LLC

Listing Agent: Bryan D Bench

Last Updated: October - 21 - 2021

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