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    Renovated Entertainment and Office Building Title is generated by Realmo AI

    116 S Jackson Street, Spring Lake, MI 49456

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    For Sale
    $895,000

    COMMERCIAL - Spring Lake, MI

    Type:Retail
    Property size:
    4,800 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $186/SF
    Added:
    Aug 13, 2025
    Days on Market:
    297
    Last Refresh:
    Jun 5 at 2:06 am

    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

    We can help!

    Listing Contact
    Bryan D Bench
    Bryan D Bench

    Listing agent Bryan D Bench License #6501293444

    Listing office Core Realty Partners LLC 700 Terrace Point Dr, Muskegon, MI

    Listing date Aug 13, 2025

    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.

    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.
    • Main level renovated for entertainment venue use with original brick walls and wood finishes.
    • Seller secured a Class C liquor license (DDA license) potentially available to buyer.
    • Lower level includes storage, cooler, equipment areas, and 700 SF of professional office space.

    Overview

    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.
    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

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places 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

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Ottawa
    State
    Michigan
    Longitude
    -86.198541
    Latitude
    43.07577

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    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.
    (231) 578-2508
    We can help!
    Listing Contact
    Bryan D Bench
    Bryan D Bench
    Real Estate License ID: 6501293444
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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