MI > Croton Twp > River Forest
Croton Twp, MI 49337,7221 S Croton Hardy Drive
Croton Twp, MI 49337,7221 S Croton Hardy Drive
Croton Twp, MI 49337,7221 S Croton Hardy Drive
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Ryan French

Ryan French

+1(248) 506-0155
$695,000
Est. payment /mo
2,907 SqFt
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UPDATED:

01/06/2025 04:24 PM

Key Details

Property Type Commercial

Sub Type Business Opportunity

Listing Status Active

Purchase Type For Sale

Square Footage 2,907 sqft

Price per Sqft $239

Subdivision River Forest

MLS Listing ID 65025000151

Originating Board Greater Regional Alliance of REALTORS®

Year Built 1986

Annual Tax Amount $6,172

Lot Size 2.630 Acres

Acres 2.63

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 dramatic 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.

Location

State MI

County Newaygo

Area Croton Twp

Zoning Commercial,Residential

Direction 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.

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Waterfront Description River Front,Shared Water Frontage,Lake/River Priv

Roof Type Metal

Road Frontage Paved

Building

Sewer Septic Tank (Existing)

Water Well (Existing)

Structure Type Frame,Vinyl,Wood

Schools

School District Newaygo

Others

Tax ID 2008252012

Ownership Private Owned

Acceptable Financing Cash, Contract, Conventional

Listing Terms Cash, Contract, Conventional

Financing Cash,Contract,Conventional

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Donald O Dowland of LPT Realty

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agent

Ryan French

+1(248) 506-0155

Agent | License ID: 6501387571

Agent License ID: 6501387571

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7221 S Croton Hardy Drive