Renovated Conventional Restaurant
201 Pine Street, Ferrysburg, MI 49409
For Sale
$439,900
Pending
Commercial Sale, Ferrysburg, MI
Property Size2,851 SF
Lot Size1.41 Acres
Days on Market1017
Property Features for 201 Pine Street
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Lakeshore · RE/MAX International
(616) 935-1150
Listed By:
Sandi L Gentry · License MI #6506045021
(616) 638-3900
Added: Jan 29, 2024
Changed: Oct 30
Last Checked: Nov 10 at 8:06PM
MLS# 24005067
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.
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Investment Insights
Based on property information with market context.
This 2,851-square-foot conventional restaurant property occupies 1.41 acres and was built in 1998. The building has been remodeled and offers a versatile interior for a restaurant or other business use, with two bathrooms included. Wood siding and brick form the exterior, while a metal roof completes the structure.
Located at 201 Pine Street in Ferrysburg, Michigan, the property includes forced-air heating, central air conditioning, and cable availability. The existing improvements provide a finished commercial setting with a layout that can accommodate a new operator’s planned concept.
Located at 201 Pine Street in Ferrysburg, Michigan, the property includes forced-air heating, central air conditioning, and cable availability. The existing improvements provide a finished commercial setting with a layout that can accommodate a new operator’s planned concept.
Key Highlights
- 2,851‑square‑foot building on 1.41 acres
- Remodeled commercial interior with versatile layout
- Two bathrooms included
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
Warehouse
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 10.91%
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
196
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
0.3 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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated commercial building with forced-air heat and central air conditioning.
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 building on 1.41 acres; Remodeled commercial interior with versatile layout; Two bathrooms included
