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217 S Lafayette St 3,584 SF Retail Building Greenville, MI 48838 $600,000 ($167.41/SF)
INVESTMENT HIGHLIGHTS
- Currently open only 4 days per week. Opportunity to add considerable revenue by extending hours and days.
EXECUTIVE SUMMARY
TRUE NORTH TAVERN NEWLY REMODELED IN 2021. FULL SERVICE KITCHEN WITH NEW COOLERS AND EQUIPMENT THROUGHOUT. BEER TAP SYSTEMS HAVE A CENTRALIZED CO2 SYSTEM. THERE IS ROOM FOR 2 APARTMENTS UPSTAIRS THAT ARE LOCATED IN THE HISTORICAL ZONE, WHICH MAY QUALIFY FOR FUNDS TO REHAB COMPLETELY. BUYER SHOULD CONSULT THE CHAMBER FOR INFO ON AVAILABILITY. TONS OF OPPORTUNITIES WITHIN THIS TO GENERATE ADDITIONAL INCOME. Tremendous opportunity with $600k, including licenses, equipment, and real estate.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$3,846
|
$1.07
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,846
|
$1.07
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025)
| Taxes | |
|---|---|
| Annual | $3,846 |
| Annual Per SF | $1.07 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,846 |
| Annual Per SF | $1.07 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
3,584 SF
Building Class
C
Year Built/Renovated
1880/2020
Price
$600,000
Price Per SF
$167.41
Tenancy
Single
Building Height
2 Stories
Building FAR
1.18
Lot Size
0.07 AC
Zoning
Commercial
Frontage
26’ on Lafayette St
AMENITIES
- Signage
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 052-142-060-00 | Total Assessment | $75,900 |
| Land Assessment | $0 | Annual Taxes | $3,846 ($1.07/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 Payable 2026 |
PROPERTY TAXES
Parcel Number
052-142-060-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$75,900
Annual Taxes
$3,846 ($1.07/SF)
Tax Year
2025 Payable 2026
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217 S Lafayette St
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