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Revitalized Muskegon Portfolio 2 Properties Offered at $14,153,935 CAD in Muskegon, MI
Investment Highlights
- 100% Occupied
- Downtown Muskegon location
- Retail, food & beverage, coworking, and professional office tenancy
Executive Summary
Advantage Commercial Real Estate is pleased to present a rare opportunity to acquire a two-asset, mixed-use portfolio totaling 83,930 SF in the heart of Downtown Muskegon’s revitalizing commercial district. Representing more than $10 million in recent capital investment, CORE Plaza and Northtown 794 collectively offer investors a stabilized, diversified income stream backed by strong occupancy, modern redevelopment, and transferable tax incentives. Together, the assets generate a combined $839,798 in NOI
and are offered at a cap rate of 8.11% based on the $10,350,000 portfolio pricing. The mix of retail, food & beverage, coworking, and professional office tenancy provides
both resilience and upside as Muskegon continues to experience accelerated urban growth and demand for high-quality commercial space.
and are offered at a cap rate of 8.11% based on the $10,350,000 portfolio pricing. The mix of retail, food & beverage, coworking, and professional office tenancy provides
both resilience and upside as Muskegon continues to experience accelerated urban growth and demand for high-quality commercial space.
Property Facts
| Price | $14,153,935 CAD | Number of Properties | 2 |
| Price / SF | $143.16 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 8.11% | Total Building Size | 98,865 SF |
| Sale Type | Investment | Total Land Area | 2.60 AC |
| Status | Active |
| Price | $14,153,935 CAD |
| Price / SF | $143.16 CAD / SF |
| Cap Rate | 8.11% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 98,865 SF |
| Total Land Area | 2.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 221 W Webster Ave, Muskegon, MI 49440 | Office | 63,900 SF | 1962 | $9,914,592 CAD |
| 794 Pine St, Muskegon, MI 49442 | Retail | 34,965 SF | 1923 | $4,239,343 CAD |
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Revitalized Muskegon Portfolio
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