100-102 Washington Avenue, Grand Haven, MI 49417

$2,548,000
Property Type: Commercial Sale Square Footage: 11,391 Lot Size (sq. ft.): 5,663 Status: Sold
Current Price: $2,799,999 List Date: 7/20/2023 Last Modified: 4/03/2024

Description

Welcome to 100 Washington, a truly iconic and historically significant commercial building in the heart of Grand Haven. Built in 1872 during the bustling shipping and rail port era, this magnificent property offers a wealth of possibilities for the discerning investor. The main level of the building features a vibrant bar/restaurant that includes two bar licenses and provides beer, wine, liquor, food, patio and take-out Liquor/Wine. With 11 apartment units situated on the upper two levels, this mixed-use space offers an additional avenue for generating steady cash flow. The prime location near the shores of Lake Michigan and downtown Grand Haven ensures a consistent flow of tourists and residents seeking an exceptional experience.

Supplements: Imagine the possibilities of a breathtaking rooftop bar/restaurant that showcases unparalleled scenic views of the Grand River, Lake Michigan, and the spectacular sights of fireworks and festivals. Such a sought-after feature would undoubtedly draw patrons seeking memorable experiences and unforgettable vistas. The property previously held a brewing license, presenting an exciting opportunity for brewing enthusiasts.Steeped in history, 100 Washington has played host to esteemed organizations such as the Elks, Eagles, and Moose Lodge, each with their own notable contributions to the building's lore. Legend has it that during the prohibition era, the infamous Al Capone tunnels were rumored to be used within these hallowed walls.Consider the immense potential of transforming this historical gem into a boutique hotel that captures the essence of Grand Haven's rich heritage. Alternatively, national chains or local breweries could seize the opportunity to occupy the expansive retail space and capitalize on the property's proven track record of successful sales within the bar/restaurant industry.This property represents a rare opportunity to acquire a commercial property with a captivating history, unmatched location, and abundant potential. Whether you envision a boutique hotel, national chain, local brewery, or a combination of uses, this remarkable space is primed to deliver exceptional returns on your investment. Don't miss out on this once-in-a-lifetime chance to own a piece of West Michigan's rich past.

More Information MLS# 23025877

Location & Property Info

Cross Streets: S 1st St & S 2nd St Property Sub-Type: Business Opportunity Municipality: Grand Haven City

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 245.81 Prop Avail for Lease?: No Current Bldg Use: Bar/restaurant and apartments.

General Property Info

New Construction: No Lot Dimensions: 47x125 Road Frontage: 172 Mineral Rights: Unknown Waterfront: No Year Remodeled: 2015 Body of Water: Lake Michigan Total # Units: 12 Total # Bldgs: 1 # Fin Bldg Lvls: 3 Total SqFt: 11391 School District: Grand Haven Lot Measurement: Acres Lot Acres: 0.13 Lot Square Footage: 5663 Year Built: 1872 Full Baths: 13

Tax Info

Taxable Value: 410764 SEV: 765500 For Tax Year: 2023 Seller's Annual Property Tax: 24036 Tax Year: 2022 Homestead %: 0 Spec Assessment & Type: None Known Tax ID #: 70-03-20-408-001

Remarks & Misc

Legal: W'LY 47 FT OF LOT 101 & W'LY 47 FT OF N'LY 59 FT OF LOT 102 ORIGINAL PLAT

Status Change Info

Sold Price/SqFt: 223.69 Under Contract Date: 2024-03-08 Sold Date: 2024-04-01 Sold Price: $2,548,000

Waterfront Options

Water Access Y/N: Yes

Water Type

Lake: 1

Water Fea. Amenities

All Sports: 1

Street Type

Paved: 1 Public: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1 Phone Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Bar/Tavern/Lounge: 1 Restaurant: 1 Other: 1

Construction Type

Concrete: 1

Exterior Material

Brick: 1 Concrete: 1 Stucco: 1

Roofing

Rubber: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Below Grade

Full: 1

Heat Type

Forced Air: 1 Radiant: 1

Air Conditioning

Central Air: 1 Window Unit(s): 1

Business Includes

Equipment: 1 Furniture: 1 Inventory: 1 Real Estate: 1

Util Avail at St

Cable Available: 1 Electricity Available: 1 Natural Gas Available: 1 Phone Available: 1 Storm Sewer: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Location Property Info

County: Ottawa Street #: 100-102 Street Name: Washington Suffix: Avenue State: MI Zip Code: 49417 Area: North Ottawa County - N

OfficeContract Info

Status: Sold Current Price: $2,548,000 List Price: $2,799,999 Listing Date: 2023-07-20

Remarks Misc

Directions: US-31 to Jackson St, E on Washington to building.

Property Features

Water Type: Lake Uses: Bar/Tavern/Lounge; Restaurant; Other Ownership: LLC Business Includes: Equipment; Furniture; Inventory; Real Estate Construction Type: Concrete Exterior Material: Brick; Concrete; Stucco Roofing: Rubber Below Grade: Full Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Storm Sewer Heat Source: Natural Gas Heat Type: Forced Air; Radiant Air Conditioning: Central Air; Window Unit(s) Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None

Documents

Listing Office: Coldwell Banker Woodland Schmidt
Listing Agent: Andrea L Crossman
IDX
Last Updated: April - 03 - 2024
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