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Renovated Mixed-Use Spring Lake Property

116 S Jackson St Spring Lake, MI 49456

116 S Jackson St, Spring Lake, MI, 49456

$895,000

For Sale

$895,000

Iconic, renovated mixed-use building in the Village of Spring Lake.

Property Size3,100 SF

Lot Size0.13 Acres

Price / SF$288.71

AddedMar 11

Days on Market127

Last RefreshJul 2 at 4:07 pm

Property Features for 116 S Jackson St

General Information

Standard status: Active
Size: 3,100 SF
Lot size: 0.13 Acres
Property subtype: Commercial

Building Details

Year Built: 2005

Listing office Core Realty Partners LLC

Listing date Mar 11, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Core Realty Partners LLC

Investment Insights

Based on property information with market context.

This renovated building, constructed in 1919, is located in the Village of Spring Lake. The upper floor, encompassing 2,400 square feet, was converted to residential use in the early 2000s and features high-end finishes. The main level has been renovated for use as an entertainment venue, showcasing original brick walls and wood finishes. The lower level provides storage, cooler, and equipment areas associated with the entertainment venue. Approximately 700 square feet of the lower level has been built out as professional office space. This property offers an opportunity for the creative entrepreneur. A Class C liquor license (DDA license) was recently secured by the seller and could be available to the buyer.

Key Highlights

Prime location in the heart of Spring Lake.
Upper floor (2,400 SF) converted to high‑end residential space.
Main level renovated as an entertainment venue with original brick and wood.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$48.0k	$15.48
− Vacancy	−$2.0k	−$0.65
EGI	$46.0k	$14.83
− OpEx	−$11.5k	−$3.71
NOI	$34.5k	$11.12

3,100 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 25.00%

Alternative Uses

Best Use

Apartment 5plus

$34.32M

$30.03M – $40.04M (±1% cap)

NOI $2,402,112 @ 7.0% cap · market cap 268.39%

Second Best

Specialty Retail

$492.6K

$431.0K – $574.7K (±1% cap)

NOI $34,479 @ 7.0% cap · market cap 3.85%

Theoretical Best

Multifamily LT 5

$38.55M

$33.73M – $44.97M (±1% cap)

NOI $2,698,454 @ 7.0% cap · market cap 301.50%

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

Suggested Use

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For sale
Mixed-use properties
MI
Spring Lake
49456
116 S Jackson St

What type of property is this?

Mixed-use property - Iconic, renovated mixed-use building in the Village of Spring Lake.

Where is this mixed-use property located?

The property is located at 116 S Jackson St 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: Prime location in the heart of Spring Lake.; Upper floor (2,400 SF) converted to high‑end residential space.; Main level renovated as an entertainment venue with original brick and wood.