120 Main St Fennville, MI 49408
- Office buildings
- 8,254 SF
- 0.14 lot acres
Current Use by Public Records
- Root Cafe - Fennville / Restaurant / Bar
- Farm Bureau Insurance / Insurance Agency
- Fernwood 1891 / Art Gallery
Property Details for 120 Main St
- Year built
- 1880
- Lot size
- 0.14 lot acres
- Property size
- 8,254 SF
- Property type
- Office buildings
- APN
- 52-200-019-00
- APU
- 5220001900
Description
This exceptional 8,254 square foot industrial property, situated on a 0.14-acre lot at 120 E Main in Fennville, Michigan, presents a unique investment opportunity. Located in the heart of downtown Fennville, this historic building benefits from its central position within a vibrant community experiencing significant growth in agritourism and the arts. The property currently houses a successful and established coffee house and cafe, complete with all kitchen equipment, ample outdoor seating on both front and back patios, and a valuable Class C liquor license. This turnkey operation provides immediate income potential and a strong foundation for continued success. Adding to the property's versatility, two sizable residential apartments occupy the upper level, offering additional revenue streams and potential for future expansion or rental income. The building's prime location within Fennville's thriving downtown, surrounded by wineries, vineyards, orchards, and farms, ensures high visibility and consistent foot traffic. This multi-use property offers a rare blend of commercial and residential income potential, making it an ideal investment for discerning buyers seeking a well-established business with significant upside. The property's historic character and central location within a rapidly growing area combine to create a truly exceptional investment opportunity. The sale includes all existing kitchen equipment and the Class C liquor license.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $495,000
- 6.5%
- $485,000
- 7%
- $480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $570,000
- Geo Method
- $475,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $475,000
- Retail
- $445,000
- Mixed-Use
- $395,000
- Hospitality
- $385,000
- Educational
- $395,000
- Residential Income
- $380,000
- Energy
- $400,000
- Income-Based Land
- $515,000
- Food Service
- $450,000
Location Insight
- Map
- Local Demand
- City
- Fennville
- County
- Allegan
- State
- Michigan
- Longitude
- -86.1038
- Latitude
- 42.594
- CBSA code
- 26090
- CBSA name
- HOLLAND, MI MICROPOLITAN STATISTICAL AREA