$695,000
Newaygo, MI 49337
MLS# 25000151
2907 sqft
1 / 33
Property Description
Nestled in the heart of Croton and Hardy Dam, The Red Anchor stands as a well-established restaurant and bar that has earned its place as a community favorite. This is not just a business—it's a legacy waiting to expand and grow into something extraordinary. Boasting a full liquor license and a spacious banquet room, The Red Anchor offers a versatile space perfect for private events, gatherings, and celebrations. Step outside to the patio area, where guests can enjoy drinks and dinner while soaking in the serene atmosphere. Currently operating just five hours a day, five days a week, serving only dinner, there is tremendous untapped potential to expand. By increasing business hours, adding lunch and breakfast offerings, or extending the number of days open, you could see a dra
Details
Maps
Location Property Info
County: Newaygo
Street #: 7221
Street Direction: S
Street Name: Croton Hardy
Suffix: Drive
State: MI
Zip Code: 49337
Zip (4): 7706
Area: West Central - W
OfficeContract Info
Status: Active
Current Price: $695,000
List Price: $695,000
Listing Date: 2025-01-02
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 2.63
Lot Square Footage: 114737
Year Built: 1986
Road Frontage: 320
Total # Units: 1
# Fin Bldg Lvls: 1
Total # Bldgs: 1
Total SqFt: 2907
Property Use Type: Business
Full Baths: 2
Waterfront: No
School District: Newaygo
Tax Info
Tax ID #: 20-08-252-012
Taxable Value: 131266
SEV: 134400
For Tax Year: 2023
Annual Property Tax: 6172
Tax Year: 2023
Spec Assessment & Type: NA
Zoning: 201/R-1
Remarks Misc
Directions: US 131 North, Jefferson Road Exit, Go west on Jefferson Road, Turns into Hardy Drive, Turns into Croton-Hardy Drive, go through all the turns and building will be on the North Side of the Road.
Waterfront Options
Water Access Y/N: Yes
Property Features
Property Use: Business
Water Type: River
Uses: Restaurant
Ownership: LLC
Business Includes: Furniture; Licenses
Construction Type: Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Metal
Below Grade: None
Sewer: Septic Tank
Water: Well
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Gravel; Paved; Unpaved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional; Land Contract
Docs at List Office: Aerial Photo
Sale Conditions: None
Possession: See Remarks
Supplements
matic surge in growth. The demand is already there... it's simply waiting for the right owner to harness it.
Beyond the restaurant itself, this property includes additional lots behind the main building, offering a unique opportunity for residential development. These lots are perfectly suited for creating homes, rental properties, or vacation getaways, further leveraging the appeal of this high-demand area. Adding to its allure, the property also has walking water access to Croton Pond, as confirmed by the township supervisor, making it an even more attractive investment.
Whether you're a seasoned restaurateur or an aspiring entrepreneur, The Red Anchor offers a rare opportunity to own a thriving business with endless possibilities. Don't miss out on the chance to make this iconic location your own and unlock its full potential.
Call today to learn more and schedule your private tour of The Red Anchor-where community, opportunity, and growth converge.
Listing Office: LPT Realty
Listing Agent: Donald Dowland
Last Updated: March - 10 - 2025
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