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116 S Jackson St 4,800 SF 100% Leased Retail Building Spring Lake, MI 49456 $1,325,440 CAD ($276.13 CAD/SF)
EXECUTIVE SUMMARY
Iconic building/property situated in the epicenter of the Village of Spring Lake. Built in 1919, the building has been completely renovated. In the early 2000's the upper floor (2,400 SF) was converted for residential use featuring high-end finishes throughout. The main level was renovated for use as an entertainment venue featuring beautiful original brick walls and wood finishes. The lower level includes storage, cooler, and equipment areas associated with the entertainment venue and approximately 700 SF of the lower level has recently been built-out as professional office space. The property is situated in a very desirable location and offers an excellent opportunity for the creative entrepreneur. The seller recently secured a Class C liquor license (DDA license), which could be available to buyer.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Building Class
B
Year Built/Renovated
1919/2002
Price
$1,325,440 CAD
Price Per SF
$276.13 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.79
Lot Size
0.14 AC
Zoning
Commercial - Commercial Zoned District
Parking
20 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Tenant Controlled HVAC
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 70-03-15-382-012 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $418,496 CAD |
PROPERTY TAXES
Parcel Number
70-03-15-382-012
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$418,496 CAD
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116 S Jackson St
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