971 W Savidge Street Spring Lake, MI 49456
COMMERCIAL - Spring Lake, MI
Property Features for 971 W Savidge Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 70-03-16-476-018
- Size
- 6,766 SF
- Lot size
- 2.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Attached
- Tax Annual Amount
- 41893
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water front features
- Lake
- Water front
- 1
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick, Stone
Listing agent Bryan D Bench License #6505385692 (231) 578-2508
Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI (231) 375-5273
Listing date Mar 26, 2026
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.
Located at the west end of the primary commercial corridor (M-104/Savidge Street) in the Village of Spring Lake, the site is positioned to serve a mix of maritime and seasonal activity. Nearby properties include three marinas and residential condominium hospitality developments.
The Spring Lake–Grand Haven area experiences a significant tourism influx that supports year-round dining demand, with additional focus on accommodating the upcoming summer season.
Key Highlights
- 7,000 SF waterfront restaurant/bar with indoor seating for 260 and 150‑seat outdoor deck overlooking the Grand River channel
- Full kitchen and bar included, with Forced Air heating and Central Air cooling
- Brick and stone construction; building built in 1997
Local Financial Insights For Industrial
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 | $146.1k | $21.60 |
| − Vacancy | −$3.5k | −$0.52 |
| EGI | $142.6k | $21.08 |
| − OpEx | −$42.8k | −$6.32 |
| NOI | $99.8k | $14.76 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Stan's Bar — 208 W Savidge St, Spring Lake, MI 49456
- Jackson Street pub — 510 Jackson St, Grand Haven, MI 49417
- fuel bar + refuge — 228 W Savidge St, Spring Lake, MI 49456
- The Paisley Pig Gastropub — 501 Miller Dr, Grand Haven, MI 49417
