215 Savidge StSpring Lake, MI 49456

Property Details for 215 Savidge St

Lot size

0.03 AC

Property size (Sq ft)

720 SF

Zone code

CBD

Property type

Office buildings

APN

70-03-15-378-010

APU

700315378010

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $131,503

  6.5%

  $121,387

  7%

  $112,717

• Comparable approach

  Method

  Valuation

  Relative Method

  $93,780

  Geo Method

  $93,780

• Alternative Use

  Use

  Valuation

  Residential

  $150,520

  Hospitality

  $137,876

  Educational

  $114,711

  Medical

  $118,656

  Retail

  $178,439

Location Insight

City

Spring Lake

County

Ottawa

State

Michigan

Latitude

43.0769

Longitude

-86.2

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].