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Property profile & analytics
OFF-MARKET
Land

200 Franklin Ave Grand Haven, MI 49417

0.2 ac lot
Property ID
Property summary
AI-generated overview

This exceptional Grand Haven investment opportunity presents two beautifully updated buildings, totaling nine unique suites. Boasting a combined five and four bedrooms respectively, each suite offers a private entrance, kitchen, bathroom, living space, and hardwood floors. The meticulously renovated interiors combine comfort and style, creating an elegant and private atmosphere ideal for short-term or long-term rentals. One building features a charming, wood-cabin aesthetic, while the other exudes sophisticated elegance. The property sits on a 0.2-acre lot and includes nine parking spaces. The property's prime location in the heart of Grand Haven offers easy access to Lake Michigan and all the Lakeshore amenities. Previously featured in prominent publications such as Everyday with Rachel Ray, Midwest Living's Best of the Midwest, and Lake Magazine, this turnkey operation includes a short-term rental certificate and presents the potential for additional income through a possible basement office space. The asking price is $1,950,000. This is a rare chance to acquire a highly profitable and established rental property in a desirable location.

Property profile
Verified
Property type Land
Lot 0.2 ac (8,712 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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