Remodeled Restaurant
For Sale
$439,900
Pending
201 Pine Street, Ferrysburg, MI 49409
A renovated interior provides a flexible setting for restaurant use.
Property Size2,851 SF
Days on Market9
Property Features for 201 Pine Street
General Information
Standard status
Pending
Size
2,851 SF
Taxes and HOA fees
Annual Taxes
$16,480
Amenities
true
2
1
Real Estate
1.41
240x104x398x132x134x132
false
Paved
2851
Building Details
Building Size
2,851 SF
Year Built
1998
Stories
1
Listing Agency:
RE/MAX Lakeshore
(616) 935-1150
Listed By:
Sandi L Gentry · License #6506045021
(616) 638-3900
Source:
Ensleyteam
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 4:54PM
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 RE/MAX Lakeshore
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property in Ferrysburg contains 2,851 square feet. Built in 1998, the building has been remodeled and is offered for sale as a restaurant asset.
The property is at 201 Pine Street. Its configuration is described as versatile, with the interior presented as a space for a new restaurant concept.
The property is at 201 Pine Street. Its configuration is described as versatile, with the interior presented as a space for a new restaurant concept.
Key Highlights
- 2,851‑square‑foot restaurant property
- Built in 1998
- Remodeled building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,710
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,200
$634.2K
Cap Rate 7%
$453,000
$453.0K
Cap Rate 9%
$352,333
$352.3K
Market Conditions
NOI Build-Up for 2,851 SF
Gross rent
$44.1K $15.48/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$42.3K $14.83/SF
− OpEx
−$10.6K −$3.71/SF
NOI
$31.7K $11.12/SF
Area
Ottawa County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,200
Cap Rate 7%
$453,000
Cap Rate 9%
$352,333
Alternative Uses
Best Use
Specialty Retail
$453.0K
$396.4K – $528.5K
NOI $31,710 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$35.45M
$31.02M – $41.36M
NOI $2,481,707 @ 7.0% cap · market cap 564.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Holiday Inn Grand Haven-Spring Lake
Hotels & Casinos
2,514 visits/mo
0.2 miles
Demographics for 49409, MI
180
Population
50
Households
3.6
Avg Household Size
33
Median Age
19%
College-Educated
100%
High-School Grad
0.1 sq mi
ZIP Area
1,800
Density / Sq Mi
$47,125
Median Earnings
$165,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A renovated interior provides a flexible setting for restaurant use.
Where is this conventional 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: 2,851‑square‑foot restaurant property; Built in 1998; Remodeled building
