350 W Riley Thompson Rd - Sports and Entertainment FOR SALE


Muskegon, MI 49445
$450,000 USD
616-304-1015
350 W Riley Thompson Rd, Muskegon, MI for Sale
$450,000 USD
Sports and Entertainment - FOR SALE
1/12
null | Request Cap Rate

350 W Riley Thompson Rd
Muskegon, MI 49445


HIGHLIGHTS

  • Turn Key
  • High Traffic
  • Great Profit

OVERVIEW

Prime 34-Acre Motorsports & Entertainment Destination Thunderbird Raceway – 350 W Riley Thompson Road, Muskegon, MI 49445 Turnkey Cash-Flowing Operation | Immediate Revenue + Explosive Development UpsidePositioned as Western Michigan’s premier dirt-track venue and a recognized community landmark since 1958, this 33.73-acre commercial entertainment complex offers owners and investors a rare opportunity to capitalize on an established, high-visibility asset or unlock its full potential as a regional destination. Proven Turnkey Operation – Ready for New OwnershipThunderbird Raceway delivers consistent weekend revenue through a loyal fan base and diversified programming. The facility hosts 20–25+ Saturday night events per season (April–September), drawing 500–1,000 attendees per night and 130–140 competing vehicles across seven classes from youth Mini Wedges to high-horsepower Super Late Models and IMCA Modifieds. Recent ownership enhancements and Dalton Township approvals have already expanded permitted uses to include: Flea markets Sunday concert series Themed community nights Extended operating hours (up to midnight) Ancillary income streams include concessions, sponsorships, pit rentals, parking, and merchandise. The track’s strong social media presence and MyRacePass integration ensure low-cost, high-engagement marketing. For current owners or an operator-buyer, this is a plug-and-play business with immediate cash flow, scalable programming, and proven demand in a recreation-rich market. Exceptional Development Potential on 33.73 Acres The expansive, mostly cleared parcel (with mature tree buffering for noise/privacy) sits on a prime site in Dalton Township with approved special land-use flexibility for entertainment and assembly uses. Strategic buyers can envision: Year-round entertainment district — Add permanent concert pavilion, RV/camping hookups, or indoor event center. Motorsports expansion — Reactivate the historic drag strip footprint, introduce karting, off-road, or motorsports training facilities. Mixed-use hospitality play — Boutique hotel, glamping, or sports bar/restaurant overlooking the track. Retail & experiential synergy — Automotive-themed retail, go-kart track, or family adventure park. The property includes grandstands, pit areas, multiple access points, a small 960 SF building, ample paved/gravel parking, and infrastructure ready for phased investment. Recent township support (master plan landmark designation + expanded special land-use permit) de-risks future approvals and signals strong local backing. Strategic Location in Growing West Michigan Market Just minutes from Muskegon’s vibrant downtown, Lake Michigan beaches, and the Muskegon Lake waterfront. Easy access via US-31 and nearby I-96 corridor. Serving a regional population exceeding 170,000 (Muskegon-Norton Shores MSA) plus heavy seasonal tourism. Booming demand for experiential and family entertainment venues in Michigan’s “Coast Guard City” and recreational corridor. In a market seeing renewed investment in adaptive-reuse projects, mixed-use developments, and tourism assets, Thunderbird Raceway stands out as a differentiated, income-producing property with tangible barriers to entry (track infrastructure, brand equity, and zoning precedent). Whether you seek to own and operate Michigan’s most exciting Saturday-night destination or reimagine this landmark as a premier multi-use entertainment campus, this is a generational opportunity.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$533 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Thunderbird Raceway

PROPERTY TYPE

Sports and Entertainment

ADD'L SUBTYPES

Race Track

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

07-017-100-0006-00

ASK ABOUT THIS PROPERTY

Drew BornFive Star CommercialMore Info
616-304-1015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Drew BornFive Star CommercialMore Info
616-304-1015

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.