Renovated Entertainment and Office
116 S Jackson Street Spring Lake, MI 49456
116 S Jackson Street, Spring Lake, MI, 49456
$895,000
For Sale
$895,000
COMMERCIAL - Spring Lake, MI
Property Size4,800 SF
Lot Size0.13 Acres
Price / SF$186.46
Days on Market342
Property Features for 116 S Jackson Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- 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
700 Terrace Point Dr, Muskegon, MI
Listed by
Bryan D Bench · License #6505385692
(231) 578-2508
Added: Aug 13, 2025 Checked: Jul 20 at 8:06 am
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.
Built in 1919 and completely renovated, this Spring Lake property is configured for a mixed-use concept across multiple levels. The main level has been renovated for an entertainment venue and retains original brick walls and wood finishes. The upper floor was converted to residential use and includes high-end finishes. The lower level provides storage, cooler, and equipment areas connected with the entertainment operation, with approximately 700 SF of recently built-out professional office space.
The building is located in the Village of Spring Lake within Ottawa County, MI. A Class C liquor license (DDA license) was recently secured by the seller and could be available to the buyer.
For operators seeking a ready-to-fit setting for entertainment with on-site administration space, the combination of public-facing entertainment improvements, supporting back-of-house areas, and dedicated office build-out may simplify day-to-day operations. For buyers planning a flexible live-work or mixed-use strategy, the existing residential conversion on the upper floor offers an additional income component already in place. Storage and cooler/equipment areas on the lower level support the entertainment use, while the professional office area provides a separate work environment within the same property.
The building is located in the Village of Spring Lake within Ottawa County, MI. A Class C liquor license (DDA license) was recently secured by the seller and could be available to the buyer.
For operators seeking a ready-to-fit setting for entertainment with on-site administration space, the combination of public-facing entertainment improvements, supporting back-of-house areas, and dedicated office build-out may simplify day-to-day operations. For buyers planning a flexible live-work or mixed-use strategy, the existing residential conversion on the upper floor offers an additional income component already in place. Storage and cooler/equipment areas on the lower level support the entertainment use, while the professional office area provides a separate work environment within the same property.
Key Highlights
- Iconic building in the epicenter of the Village of Spring Lake.
- Completely renovated building originally built in 1919.
- Upper floor (2,400 SF) converted to residential use with high‑end finishes.
Local Financial Insights For Specialty Retail
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 | $74.3k | $15.48 |
| − Vacancy | −$3.1k | −$0.65 |
| EGI | $71.2k | $14.83 |
| − OpEx | −$17.8k | −$3.71 |
| NOI | $53.4k | $11.12 |
4,800 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$762.7K
$667.3K – $889.8K
NOI $53,387 @ 7.0% cap · market cap 5.97%
Second Best
Office B
$755.4K
$661.0K – $881.3K
NOI $52,879 @ 7.0% cap · market cap 5.91%
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
Similar For Sale Nearby
Similar Off Market Nearby
- Stan's Bar — 208 W Savidge St, Spring Lake, MI 49456
- Grand Finale — 110 W Savidge St, Spring Lake, MI 49456
- fuel bar + refuge — 228 W Savidge St, Spring Lake, MI 49456
FAQs
What type of property is this?
Bar & Pub - Completely renovated 1919 building with an entertainment main level, professional office space, and residential conversion upstairs.
Where is this bar & pub 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: Iconic building in the epicenter of the Village of Spring Lake.; Completely renovated building originally built in 1919.; Upper floor (2,400 SF) converted to residential use with high‑end finishes.
