Status: Off The Market
Being offered is a unique opportunity for a proposed boutique hotel situated in downtown Grand Haven with incredible water views of the channel, lighthouse and Lake Michigan. The current use of the existing three-story, 5,231 sf building is an office complex with 6 separate office suites.
The owners have spent a considerable amount of time researching and planning to convert the office space into a proposed boutique hotel. The hotel would consist of 12 separate units, each with their own bathroom and deck overlooking the harbor, a common roof-top deck and conference/lounge space with sufficient parking. With the current buildings exterior support and the absence of load bearing interior walls, this would enable almost any configuration the new owner desires. Drawings and construction conversion costs have been prepared in addition to preliminary concept approvals. According to the city, a hotel would be considered a Special Land Use in the WF-2 zoning district.
The site is approximately 14,726 sf, shaped in an L configuration that takes advantages of the views. Additionally, there is room for building expansion on the property. The site is within walking distance of attractions such as the harbor front shopping district, numerous restaurants and the Grand Haven State Park. A city park is located across from the property along with a beautiful boardwalk that runs along the Grand Haven channel. Grand Haven and the surrounding areas have strong tourist, manufacturing and agricultural interests. This property would be the ideal location for a boutique hotel.
The owner’s will also entertain an equity partnership structure in redeveloping the use. Asking $1,500,000
* Not currently an operating business; therefore there is no history of financials, etc., only projections.
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|Sector:||Accommodation & Food Services|
|Industry:||Hotels & Motels|
|Classification:||United States // Midwest States // Michigan // Grand Rapids|
|Sales:||Not Applicable (Startup Company)|
|Profit Type:||Not Applicable|
|Asking Price:||Between $1 Million and $2.5 Million ($1,500,000)|