Building Details:
• Year Built: 1953
Development opportunity within the City of Muskegon with 1,200 feet of frontage on Muskegon Lake. Situated on a point, the property offers an amazing lake view and a variety of redevelopment opportunities. The subject property is comprised of approximately 12 acres. The owner has an adjacent 3-acre property for sale as well. The property is currently occupied by a 140,000 SF industrial building that provides lease income through light industrial tenants and seasonal boat storage of boats up to 60'. The owners have dredged and maintain a deep channel and lift system for servicing larger boats. Various redevelopment plans have been contemplated for the property that include marina, residential, retail and boat condominium/storage components. Restoration of the waterfront area has been completed and the public bike trail traverses the property through a conservation easement. The City of Muskegon waterfront area is transitioning from past industrial use to recreational, retail, and residential use; and the combined location and characteristics this property offers is unmatched in the market.
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- Mike Schmidt, agent and Rofo Pro
