215 Savidge St Spring Lake, MI 49456-1604
This 1,440 square foot mixed-use property at 215 W Savidge St in Spring Lake, Michigan, presents a compelling investment opportunity. Located in Ottawa County (zip code 49456), this single-story, 1970-built building sits on a 1,307 square foot lot and boasts high visibility frontage on Savidge St (M-104). The property features a concrete main floor and offers versatile space previously configured as an art gallery/studio, easily adaptable to various uses. Convenient public parking is located nearby. The building includes a finished basement with a kitchenette, and the upper level offers a bathroom and a separate closet with a sink. The property is zoned commercial and is held under a Corporation/LLC ownership structure. This presents a unique chance to participate in the ongoing Spring Lake Village revitalization efforts. The net rentable area is 1,440 square feet, encompassing one unit. This is a solid building with many investment possibilities.
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Graffia Gallery Art Gallery
66 ft 50% 35 ft Multiple Family Residential (MFR) 25 ft 5 ft 25 ft N/A N/A N/A 8,000 sq ft 66 ft 60% 35 ft Community Commercial (CC) 25 ft 0 ft 25 ft 60 ft N/A N/A 10,000 sq ft 75 ft 75% 35 ft Central Business District (CBD) none none none 15 ft 10 ft N/A none none none 45 feet NOTES: A. For complete dimensional standards for the SFR District, see § 390-57C…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CBD · Spring Lake, MI66 ft 50% 35 ft Multiple Family Residential (MFR) 25 ft 5 ft 25 ft N/A N/A N/A 8,000 sq ft 66 ft 60% 35 ft Community Commercial (CC) 25 ft 0 ft 25 ft 60 ft N/A N/A 10,000 sq ft 75 ft 75% 35 ft Central Business District (CBD) none none none 15 ft 10 ft N/A none none none 45 feet NOTES: A. For complete dimensional standards for the SFR District, see § 390-57C . B. For complete dimensional standards for the MFR District, see § 390-59C . C. Fo
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
