Renovated Mixed-Use Historic
116 S Jackson Street Spring Lake, MI 49456
For Sale
$895,000
COMMERCIAL - Spring Lake, MI
Property Size4,800 SF
Lot Size0.13 Acres
Price / SF$186.46
Days on Market348
Property Features for 116 S Jackson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1, Basement
- Standard status
- Active
- APN
- 70-03-15-382-012
- Size
- 4,800 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Attached.
- Tax Annual Amount
- 14463
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 2005
- Number of units
- 2
- Building materials
- Brick, Stone
Listing Agency:
Core Realty Partners LLC
(231) 375-5273
Listed By:
Bryan D Bench · License #6505385692
(231) 578-2508
Added: Aug 13, 2025
Changed: Jul 25
Last Checked: Jul 26 at 3:06PM
MLS# 25041041
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated historic building was built in 1919 and has undergone complete renovation. The upper floor was converted in the early 2000s for residential use and includes approximately 2,400 square feet with high-end finishes. The main level was renovated for use as an entertainment venue, featuring original brick walls and wood finishes.
The lower level supports the entertainment venue with storage, cooler, and equipment areas, and approximately 700 square feet has recently been built out as professional office space. A liquor license has recently been secured (Class C, DDA license), which could be available to the buyer.
The property is located at 116 S Jackson Street in Spring Lake, Michigan, and sits on a 0.13-acre site.
The lower level supports the entertainment venue with storage, cooler, and equipment areas, and approximately 700 square feet has recently been built out as professional office space. A liquor license has recently been secured (Class C, DDA license), which could be available to the buyer.
The property is located at 116 S Jackson Street in Spring Lake, Michigan, and sits on a 0.13-acre site.
Key Highlights
- Built in 1919; completely renovated with brick and stone construction materials
- Upper floor converted to residential use with 2,400 SF and high‑end finishes
- Main level renovated as an entertainment venue with original brick walls and wood finishes
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.8k | $17.04 |
| − Vacancy | −$11.3k | −$2.35 |
| EGI | $70.5k | $14.69 |
| − OpEx | −$17.6k | −$3.67 |
| NOI | $52.9k | $11.02 |
4,800 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 5.91%
Second Best
Mixed Use
$592.3K
$518.3K – $691.0K
NOI $41,460 @ 7.0% cap · market cap 4.63%
Theoretical Best
Multifamily LT 5
$59.69M
$52.23M – $69.64M
NOI $4,178,251 @ 7.0% cap · market cap 466.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Keur Locker Services
Building Supply
Temple Lounge
Hotel & Motel
L&U Auto Towing's ...
Auto Parts Store
Summer Sessions – Waterfront ...
Consultant
FAQs
What type of property is this?
Live-work space - Built in 1919 and fully renovated, with entertainment space, professional offices, and upper-floor residential conversion.
Where is this live-work space located?
The property is located at 116 S Jackson Street Spring Lake, MI.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Built in 1919; completely renovated with brick and stone construction materials; Upper floor converted to residential use with 2,400 SF and high‑end finishes; Main level renovated as an entertainment venue with original brick walls and wood finishes
