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Investment Highlights
- Secondary Uses: Restaurant, Brewery/Distillery/Winery, Tavern/Bar/Nightclub
Executive Summary
High-profile, premier waterfront restaurant/bar opportunity in Spring Lake, MI. The 7,000 SF is turn-key with a full kitchen and bar, indoor seating capacity of 260 with an expansive, 150-seat outdoor deck area overlooking the Grand River channel leading to the main-body of Spring Lake. The 2+ acre site provides 90+ parking spaces and is situated at the west end of the primary commercial corridor (M-104/Savidge Street) in the Village of Spring Lake. The existing building was constructed in 1997 and is the original location of Ole' Boys Brewhouse, which operated successfully here for 25 years. The premises includes a Resort Class-C liquor license and Brew Pub license. Take advantage of this prime location with neighboring properties consisting of three marinas, as well as residential condominium hospitality developments. The Spring Lake-Grand Haven area experiences a huge tourism influx which offers immediate potential to accommodate the upcoming summer season.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,766 SF
Building Class
C
Year Built
1997
Price
$3,963,153 CAD
Price Per SF
$585.75 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
2.20 AC
Zoning
CBD-PUD - Central Business District
Parking
90 Spaces (12.78 Spaces per 1,000 SF Leased)
Frontage
170’ on Savidge St
Amenities
- Fireplace
- Signage
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 70-03-16-476-018 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,925,397 CAD |
Property Taxes
Parcel Number
70-03-16-476-018
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,925,397 CAD
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971 W Savidge St
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