Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

971 W Savidge St Spring Lake, MI 49456

FOR SALE
Turn key restaurants
Property ID
US43-2235094
6,766 SF 2.24 ac lot Built 1997
Last sale Apr 2022 · $1,100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a restaurant and bar facility situated on a waterfront setting within the Village of Spring Lake, located at the west end of the primary commercial corridor at M-104/Savidge Street, near multiple marinas and residential condominium hospitality developments. The site covers approximately 2+ acres and includes 90+ parking spaces. The existing building was constructed in 1997 and is associated with the original location of Ole' Boys Brewhouse, which operated for 25 years. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$27k
Tax billed · 2022
Assessed value · 2023$506k
Effective rate5.42%

Value estimate

· Oct 2026
$495k
$446k – $545k
NOI build-up
Gross scheduled income$105k
Vacancy & credit loss−$4k
Operating expenses−$25k
NOI · 3.15% cap applied$75k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.15%
$75k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CBD-PUD
JurisdictionOTTAWA

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm11.0
Kitchen & Bath10.0
Wholesale Shop9.9

Location

971 W Savidge St Spring Lake, MI 49456
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 11 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
213 Savidge, Spring Lake, MI 49456-1604 $320,000 Feb 2025 2,216 SF
218 Savidge, Spring Lake, MI 49456-1605 $169,000 Mar 2023 1,475 SF
19088 174th, Spring Lake, MI 49456-8707 $285,000 May 2022 2,880 SF
728 Savidge, Spring Lake, MI 49456-2403 $1,791,000 Mar 2019 5,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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