896 Jefferson StMuskegon, MI 49440

For Sale
$350,000

Vacant 5,200 SF Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional redevelopment opportunity presents a vacant, 5,200 square foot, two-story brick building situated on a 0.21-acre lot in the heart of downtown Muskegon, Michigan. The property, located at 896 Jefferson St, Muskegon, MI 49440 (APN: 61-10-20-533-000), is currently vacant and offers significant potential for mixed-use development. The building is partially demolished inside, providing a blank canvas for a new vision. The property includes 17 parking spaces, a significant advantage in a bustling downtown area. A previous owner proposed plans for a convenience store on this site, and a liquor license may be available for an additional cost. This prime location benefits from its designation as an Opportunity Zone, potentially offering significant tax advantages. Furthermore, the City of Muskegon may provide additional redevelopment tax abatements, such as Obsolete Property Certificates, further enhancing the investment potential. The asking price is $350,000, translating to $67.31 per square foot. This presents a unique chance to capitalize on the revitalization of downtown Muskegon. Don't miss this chance to acquire a property with substantial upside in a thriving urban environment.

Highlights

  • $350,000 asking price for a vacant 5,200 SF retail property.
  • Located at 896 Jefferson St, Muskegon, MI 49440, on a 0.21-acre lot (APN: 61-10-20-533-000).
  • Suitable for mixed-use redevelopment; previously a grocery store, restaurant, and storefront.
  • Features 17 parking spaces and is situated in an Opportunity Zone, with potential for redevelopment tax abatements.
  • Two-story brick building, partially demolished inside.

Property Details for 896 Jefferson St

Property type
Other retail properties, Individual retail properties
Square Feet
5,200 SF
Lot Size (sq. ft)
9,148 SF

Location Insight

City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.2362385
Longitude
-86.2478614
896 Jefferson St, Muskegon, Michigan

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896 Jefferson St
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