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Remodeled Building in Ferrysburg

201 Pine Street Ferrysburg, MI 49409

201 Pine Street, Ferrysburg, MI, 49409

$439,900

Pending

For Sale

$439,900

Pending

COMMERCIAL - Ferrysburg, MI

Property Size2,851 SF

Lot Size1.41 Acres

AddedJan 29, 2024

Days on Market898

Last RefreshJul 15 at 3:06 pm

Property Features for 201 Pine Street

General Information

Property type: Commercial Sale
Property subtype: Retail
Bathrooms: 2
Rooms: Bathroom 2, Bathroom 1
Standard status: Pending
APN: 700316407015
Size: 2,851 SF
Lot size: 1.41 Acres

Taxes and HOA fees

Tax Year: 2023
Tax Description: LEGAL ON FILE
Tax Annual Amount: 16480

Utilities

Utilities: Cable Available
Heating system: Forced Air
Cooling system: Central Air

Building Details

Year built: 1998
Floors in Building: 1
Number of units: 1
Building materials: Wood Siding, Brick
Roof type: Metal

Listing agent Sandi L Gentry License #6506045021

Listing office RE/MAX Lakeshore 133 Washington Avenue, Holland, MI

Listing date Jan 29, 2024

MLS# 24005067

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 newly remodeled building in Ferrysburg offers an opportunity for entrepreneurs to launch a new restaurant or business. The building provides a versatile layout and modern amenities. It is suitable for various concepts, such as a bistro, cafe, family-friendly eatery, or sports bar. The property is situated in a location that provides a strategic advantage for attracting both local residents and visitors. The lot size is 1.41 acres and the property size is 2851 square feet.

Key Highlights

Listed well below current market appraisal.
Prime location in the vibrant Ferrysburg community.
Tastefully renovated building, a blank canvas ready for your vision.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.1k	$15.48
− Vacancy	−$1.9k	−$0.65
EGI	$42.3k	$14.83
− OpEx	−$10.6k	−$3.71
NOI	$31.7k	$11.12

2,851 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$453.0K

$396.4K – $528.5K (±1% cap)

NOI $31,710 @ 7.0% cap · market cap 7.21%

Second Best

Retail

$422.8K

$370.0K – $493.3K (±1% cap)

NOI $29,596 @ 7.0% cap · market cap 6.73%

Theoretical Best

Multifamily LT 5

$35.45M

$31.02M – $41.36M (±1% cap)

NOI $2,481,707 @ 7.0% cap · market cap 564.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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Remodeled Building in Ferrysburg

Remodeled building for sale, ideal for restaurant or business.

201 Pine St, Ferrysburg, MI 49409

View Details

For sale
Restaurants
MI
Ferrysburg
49409
201 Pine Street

What type of property is this?

Restaurant - Newly remodeled building suitable for a restaurant or other business.

Where is this restaurant located?

The property is located at 201 Pine Street Ferrysburg, MI.

What is the asking price?

The asking price for this property is $439,900.

What are key features of this property?

This property features: Listed well below current market appraisal.; Prime location in the vibrant Ferrysburg community.; Tastefully renovated building, a blank canvas ready for your vision.