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128 S Main Street Wayland, MI 49348
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Key Details
Sold Price $412,500
Property Type Commercial
Sub Type Business And Real Estate
Listing Status Sold
Purchase Type For Sale
Square Footage 6,263 sqft
Price per Sqft $65
MLS Listing ID 65023132727
Sold Date 05/14/24
Originating Board Greater Regional Alliance of REALTORS®
Year Built 1900
Annual Tax Amount $4,289
Lot Size 6,098 Sqft
Acres 0.14
Lot Dimensions 66'x99'
Property Description
OpenRoad Brewery and Restaurant! Business and Real-Estate ''For Sale''. To include all assets, equipment, inventory, recipes and licensing for OpenRoad Brewery operating under Wayland Brewing Co. Llc. Sale also includes nice oversized 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! The red barn is fantastic storage, or turn it into an awesome barn themed space! 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! 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 is on its upswing. With the NEW smash burgers outselling beer some days proving the dire need for more food in the area! 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!; Power/Phase: 3 Phase; Power/Voltage: 480v/120v
Location
State MI
County Allegan
Area Wayland
Zoning Other
Direction East on W Superior from 131, south on S Main st, location on the right. Parking in rear of building off alley.
Interior
Heating Forced Air, Central Air
Heat Source Natural Gas
Exterior
Utilities Available Elevator
Roof Type Rubber
Building
Foundation Basement
Sewer Public Sewer (Sewer-Sanitary), Sewer at Street, Storm Drain
Water Public (Municipal), Water at Street
Structure Type Block/Concrete/Masonry,Brick
Schools
School District Wayland Union
Others
Tax ID 5605000220
Ownership Private Owned
Acceptable Financing Cash, Conventional
Rebuilt Year 2016
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Unknown/Data Share Listings
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Bought with Neighborhood Realty Group