For sale: Cheap commercial property on Muskegon area street about to get huge upgrades
Posted By: mlive on February 24, 2023. For more information, please click here to read the source article.
A long-time eyesore on a boulevard about to get a major makeover is up for sale – and the property has a bargain-basement price to attract developers.
The dilapidated warehouse on Glenside Boulevard near Sherman Avenue has been acquired by the city of Roosevelt Park, which would love to have development plans in place in time for a major overhaul of Glenside this summer, said Roosevelt Park City Manager Jared Olson.
The 7-acre property next to a Wesco convenience mart and gas station has a long history, but it’s time for it to go, Olson told MLive/The Muskegon Chronicle.
“The building is old and tired,” he said. “The site really lends itself to redevelopment.”
The property was the site of a Canada Dry bottling plant about a century ago, Olson said. It was acquired by Engine Power Components in the 1970s, which for the past 50 or so years used the building as a warehouse, Olson said.
About five years ago, the city began talks with the owner about removing the structure because of safety issues. Engine Power Components ended up giving the property to the city, which now is working with the county Land Bank Authority for a grant to remove the old building, Olson said.
The city hasn’t put a price on the land, but is willing to sell it for cheap to get it developed, Olson said. Its assessed value is $111,000, according to the Muskegon County Property Information Viewer.
The property is a Brownfield site, meaning a developer could use increases in property taxes due to their development to reimburse themselves for certain expenses.
A major overhaul is planned for that section of Glenside Boulevard this summer, including installation of a sidewalk. Having development plans in place would help with design of the new street, including necessary curb cuts for driveways, Olson said.
The estimated 12-week road project will require closure of the section of Glenside the property fronts.
“There’s no better time to tear a building down than when the road is closed,” Olson said.
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