962 Sherman BlvdMuskegon, MI 49441

This exceptional Muskegon retail property, located at 962 W. Sherman Blvd, presents a compelling investment opportunity. The 9,600 square foot building sits on a substantial 4.48-acre lot and is currently 80% occupied under a modified lease structure with multiple tenants. The asking price is $599,000, offering a projected cap rate of 5.0%. The property's diverse tenant mix and substantial land area provide significant potential for future growth and development. The building is classified as an auto shop, shopping center, and storefront, catering to a variety of commercial uses. The property's location in Muskegon, Michigan (zip code 49441) offers excellent visibility and accessibility. Note that an adjacent property at 954 Sherman Blvd, encompassing 512 square feet on a 0.72-acre lot, is also available for purchase separately or in conjunction with this listing, presenting an opportunity to acquire a larger footprint in the area. This multi-tenant building offers a unique chance to acquire a well-positioned retail investment in a growing market. The remaining lease term is zero years, providing flexibility for the new owner to manage tenancy and lease agreements.