100-102 Washington Avenue $2,548,000

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    100-102 Washington Avenue Grand Haven, MI 49417

    Closed
    SOLD 4/1/2024

    $2,548,000

    Market Estimate
    • 11,391 sq. ft.
    • 0.13 Acres
    • Commercial
    • MLS# 23025877
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    Property Details

    Description

    Welcome to 100 Washington, a truly iconic and historically significant commercial building in the heart of Grand Haven. Built in 1872 during the bustling shipping and rail port era, this magnificent property offers a wealth of possibilities for the discerning investor. The main level of the building features a vibrant bar/restaurant that includes two bar licenses and provides beer, wine, liquor, food, patio and take-out Liquor/Wine. With 11 apartment units situated on the upper two levels, this mixed-use space offers an additional avenue for generating steady cash flow. The prime location near the shores of Lake Michigan and downtown Grand Haven ensures a consistent flow of tourists and residents seeking an exceptional experience. Imagine the possibilities of a breathtaking rooftop bar/restaurant that showcases unparalleled scenic views of the Grand River, Lake Michigan, and the spectacular sights of fireworks and festivals. Such a sought-after feature would undoubtedly draw patrons seeking memorable experiences and unforgettable vistas. The property previously held a brewing license, presenting an exciting opportunity for brewing enthusiasts. Steeped in history, 100 Washington has played host to esteemed organizations such as the Elks, Eagles, and Moose Lodge, each with their own notable contributions to the building's lore. Legend has it that during the prohibition era, the infamous Al Capone tunnels were rumored to be used within these hallowed walls. Consider the immense potential of transforming this historical gem into a boutique hotel that captures the essence of Grand Haven's rich heritage. Alternatively, national chains or local breweries could seize the opportunity to occupy the expansive retail space and capitalize on the property's proven track record of successful sales within the bar/restaurant industry. This property represents a rare opportunity to acquire a commercial property with a captivating history, unmatched location, and abundant potential. Whether you envision a boutique hotel, national chain, local brewery, or a combination of uses, this remarkable space is primed to deliver exceptional returns on your investment. Don't miss out on this once-in-a-lifetime chance to own a piece of West Michigan's rich past.

    • General Features
      • Year Built 1872
      • New Construction Y/N false
      • Business Type Other,Restaurant,Bar/Tavern/Lounge
      • County Or Parish Ottawa
      • Property Sub Type Business
      • Tax Annual Amount 24036.0
    • Building Features
      • Cooling Window Unit(s),Central Air
      • Cooling Y/N true
      • Construction Materials Stucco, Concrete, Brick
      • Building Area Total 11391.0
      • Roof Rubber
      • Number Of Units Total 12
      • Heating Y/N true
      • Full Bathrooms 13
      • Bathrooms 13
    • Property Features
      • Lot Size Acres 0.13
      • Lot Size Area 0.13
      • Number Of Buildings 1
      • Water Body Name Lake Michigan
      • Utilities Cable Connected
      • Water Source Public
      • Waterfront Y/N false
      • Waterfront Features All Sports
    • Schools
      • High School District Grand Haven

    Neighborhood

    49417 (Grand Haven) Demographics

    42 Median Age
    592 Population Density (per sq. mile)
    50% College Educated
    $70,417 Estimated Median Income
    10,147 Estimated Total Home Owners
    2,708 Estimated Total Renters
    79% / 21% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    32,374 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $419,900 Median Sales Price
    57 Homes Sold
    90 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $2,990,000 17.35%
        4/1/2024 3:00:00 AM Sold Source: Multiple Listing Service New Value: $2,548,000 -9%
        3/8/2024 11:14:25 AM Status Changed Source: Multiple Listing Service New Value: Pending
        11/6/2023 4:44:18 PM Price Reduced Source: Multiple Listing Service New Value: $2,799,999
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.