1937 Lakeshore DrMuskegon, MI 49441

For Sale
$500,000

Muskegon Lakefront Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This unique mixed-use property at 1937 Lakeshore Drive in Muskegon, Michigan, presents a compelling investment opportunity. Currently configured as a building with approximately 9,583 square feet on a 0.22-acre lot, it boasts a prime location near Muskegon Lake, offering stunning water views and proximity to Lake Michigan. The property's zoning allows for a variety of uses, including apartment building, motel, and restaurant operations. Previous plans, available for review, detail a substantial expansion project to create a mixed-use development. These plans envisioned nine apartments across two floors, and four retail spaces on the ground floor. The expansion would have nearly doubled the existing building's size, incorporating three north-facing and two south-facing top-floor apartments, along with four two-story east-facing apartments and associated garages. The asking price for this exceptional property is $500,000. This presents a rare chance to acquire a strategically located asset with significant potential for redevelopment and substantial returns. The property is situated in Muskegon County, Michigan, with a 49441 zip code. All interested parties are encouraged to conduct their own due diligence to verify all aspects of the property and its potential.

Highlights

  • 9,583 SF mixed-use building on a 0.22-acre lot in Muskegon, MI.
  • Prime location near Muskegon Lake with water views.
  • Zoned for various uses including apartments, motel, and restaurant.
  • Existing plans for a substantial expansion to nearly double the size, adding nine apartments and four retail spaces.
  • Asking price: $500,000.

Property Details for 1937 Lakeshore Dr

Property type
Other retail properties, Restaurants
Square Feet
9,583 SF
Lot Size (sq. ft)
9,583 SF

Location Insight

City
Muskegon
County
Muskegon
State
Michigan
Latitude
43.215758
Longitude
-86.2912645
1937 Lakeshore Dr, Muskegon, Michigan

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1937 Lakeshore Dr
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