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128 S Main Street

Wayland, MI 49348
  • $459,000
  • STATUS: Active
  • ON SITE: 59 Days
  • MLS #: 23003040
UPDATED: 50 min ago
$459,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 6,263
    SQFT
  • $73
    $/SQFT
Neighborhood:
Type:
Business Opportunity
Built:
1900
County:

School Ratings & Info

School District:

Description

OpenRoad Brewery is a staple of downtown Wayland. Being in business since 2016, surviving covid, and coming out profitable in 2022 this wonderfully cozy bar/restaurant deserves its 153 reviews on google with 4.4 stars! Not to mention being voted the best beer and chicken of 2022! Offering to market is the entire business including the assets, equipment, inventory, recipes and licensing for OpenRoad Brewery operating under Wayland Brewing Co. Llc. Sale also includes generously sized 2 bed, 2 bath downtown apartment with outside entrance and great views of the city. Along with an extra 8 parking spots and the oldest standing building in downtown Wayland! Currently used as storage for the summer patio equipment used for outdoor dining! Don't miss out on owning this historic piece of Wayland!With an average NOI of $42,000 between 2019(pre-covid) and 2022 being only open for dinner Mon-Sun this business could most definitely be on the upswing. Especially considering the rapidly expanding City of Wayland, with Allegan county being one of the fastest growing counties in West Michigan. Partially thanks to the mega-resort and 1200 acre development project currently underway by the Gun Lake Casino which will almost certainly bring an influx of business to the area. Ideal for a small time brewer to make it out on their own, an expanding hospitality business, or anyone who would like to jump into the world of small business! Call today for more information, or a private showing!

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© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-04-01T12:01:01.847.
www.grandrapidsmihomesforsale.com/homes/136583435
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128 S Main Street Wayland, MI 49348

  • Price: $459,000
  • Status: Active
  • On Site: 59 Days
  • Updated: 50 min ago
  • MLS #: 23003040
0
Beds
4
Baths
0
½ Baths
0.14
Acres
6,263
SQFT
$73
$/SQFT
1900
Built
Neighborhood:
Wayland City
County:
Allegan
Area:
Solon Township
School District:
Wayland
Property Description
OpenRoad Brewery is a staple of downtown Wayland. Being in business since 2016, surviving covid, and coming out profitable in 2022 this wonderfully cozy bar/restaurant deserves its 153 reviews on google with 4.4 stars! Not to mention being voted the best beer and chicken of 2022! Offering to market is the entire business including the assets, equipment, inventory, recipes and licensing for OpenRoad Brewery operating under Wayland Brewing Co. Llc. Sale also includes generously sized 2 bed, 2 bath downtown apartment with outside entrance and great views of the city. Along with an extra 8 parking spots and the oldest standing building in downtown Wayland! Currently used as storage for the summer patio equipment used for outdoor dining! Don't miss out on owning this historic piece of Wayland!With an average NOI of $42,000 between 2019(pre-covid) and 2022 being only open for dinner Mon-Sun this business could most definitely be on the upswing. Especially considering the rapidly expanding City of Wayland, with Allegan county being one of the fastest growing counties in West Michigan. Partially thanks to the mega-resort and 1200 acre development project currently underway by the Gun Lake Casino which will almost certainly bring an influx of business to the area. Ideal for a small time brewer to make it out on their own, an expanding hospitality business, or anyone who would like to jump into the world of small business! Call today for more information, or a private showing!
Exterior Features

Construction Type Block Driveway Asphalt Exterior Material Brick Finished Building Levels 3.00 Foundation Stone Lot Dimensions 66'X99' Number Of Buildings 2.00 Road Frontage 66.00 Roofing Rubber Street Type Public Total Parking Spaces 8 Water Access No Waterfront No

Interior Features

Air Conditioning Central Air Below Grade BasementFull Freight Elevators 1 Heat Source Natural Gas Heat Type Forced Air Interior Features ExpandableOutdoor Storage Tot Bldg Office Sq Ft 135.00 Tot Bldg Other Sq Ft 1553.00 Tot Bldg Retail Sq Ft 2309.00 Tot Bldg Sq Ft Gross 6011.00 Tot Bldg Wrehse Sq Ft 2014.00

Property Features

Annual Maintenance 4000.00 Annual Property Tax 4289.56 Annual Utilities 16542.00 Association Greater Regional Alliance Of Realtors Auction Or For Sale For Sale Business Includes EquipmentFurnitureInventoryLicensesReal Estate Business Name Openroad Brewery Commercial Type Business Opportunity Current Use Brewery; Restaurant; Housing; Storage Full Time Employees 2 Gross Operating Inc 190565.00 Gross Sales One Year 190000.00 Homestead Percentage 0.00 Mineral Rights Unknown Net Operating Inc 42000.00 New Construction No Ownership Llc Possession Close Of Escrow Power Phase 3 Phase Power Voltage 480V/120V Property Insurance 2727.00 Sale Conditions None Sewer Public Tax Year 2022 Terms Available CashConventional Uses Bar/Tavern/LoungeManufacturingOtherProfessional/OfficeRestaurantRetailStorage Util Avl At Street BroadbandCableElectricNatural GasPublic SewerPublic WaterStorm SewerTelephone Utilities Attached Natural Gas Water Public Zoning Cbd

Listing provided courtesy of Justin Rinks of Century 21 Affiliated (Gr): (616) 369-4040. © 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
© 2023 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2023-04-01T12:01:01.847.
 
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JH Realty Partners
545 Ada Drive
Ada MI, 49301