Brownfield Development Site/PUD

2967 Henry St Roosevelt Park, MI 49441

Roosevelt Park
FOR SALE
Property Type:
Motel
Amount:
Please Call Broker for Price

Last Verified:
Jul 08, 2024

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Highlights

  • Prime Location: Signalized Corner | Henry Street & W. Summit Avenue | Walkable Area
  • Substantial Size: 55,800 +/- SF | 3.61 acres | 111 Rooms | 4 Stories | 125 Surface Parking Spots
  • Zoning Flexibility: Zoned C-E (Henry Commercial East), the site allows for a Wide Range of Commercial Uses
  • Value-Add Opportunity: Ample Space for a Variety of Redevelopment Opportunities, from Commercial to Mixed-Use Projects.
  • Economic Incentives: As a Brownfield Site, Developers can Benefit from Various State & Federal Incentives Designed to Promote the Cleanup & Redevelopment of Underutilized Properties, Potentially Reducing Overall Project Costs.
  • Proximity to Major Developments: Close to Significant Developments in the Area Like the Windward Pointe Development, which is Transforming the Former Sappi Paper Mill Site into a Bustling Waterfront Community, Expected to Inject Nearly Half a Billion Dollars into the Local Economy.
  • Waterfront Lifestyle: Nestled on the Eastern Shore of Lake Michigan, Muskegon provides a Desirable Waterfront Lifestyle with Beaches, Parks, and Outdoor Activities, Making it an Attractive Location for Future Residents and Businesses.

Description

Boasting C-E zoning, the property is primed to accommodate diverse commercial endeavors. Its prime location presents an ideal foundation for a successful enterprise, enhancing its appeal to investors with an eye for growth and prosperity in the flourishing Muskegon area. This remarkable property is poised to elevate the ambitions of savvy investors and unlock a wealth of potential in this vibrant region.

Discover the growing community surrounding Muskegon, MI, 49441. Nestled in the heart of a thriving business district, the area offers proximity to key amenities and landmarks, making it an attractive redevelopment opportunity for any investor. With convenient access to major transportation routes, this prime location provides a strategic advantage for businesses. The property's proximity to popular attractions such as Pere Marquette Park and the Muskegon Museum of Art adds to its appeal, offering a balanced blend of work and leisure opportunities.


Year Built: 1971
Building Size: 55800sq ft
Lot Size: 3.61 acres


Documents

Brownfield Development Site - 2967 Henry St. Muskegon, MI 49441 (OM).pdf

Map of 2967 Henry St, Roosevelt Park, MI, 49441

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.