Building Details:
• Year Built: 1926
High quality redevelopment site with ample parking, water views and in the center of Muskegon revitalization, near Farmers Market.
Student housing is best use in my opinion. Building could generate $350,000 to $450,000 in gross rents. Student housing is now 6 miles away and school is paying for a shuttle.
Local universities have expressed an interest in a master lease of student housing units and furnished suites for out of town Professors.
Building has been judged to be structurally sound and can support two more levels. Considerable clear span in areas originally built as theater and basketball court. Excellent visibility Located in active redevelopment area Marketable rooftop view of lake Basement
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- Mike Schmidt, agent and Rofo Pro
