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7221 S Croton Hardy Drive

Newaygo, MI 49337
  • $695,000
  • STATUS: Active
  • ON SITE: 43 Days
  • MLS #: 25000151
UPDATED: 75 min ago
$695,000
  • 0
    BEDS
  • 2.63
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
Built:
1986
County:

School Ratings & Info

School District:

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 businessit'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 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.

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© 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2025-02-15T19:33:52.4.
www.debstevenson.com/homes/159132205
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7221 S Croton Hardy Drive Newaygo, MI 49337

  • Price: $695,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 75 min ago
  • MLS #: 25000151
0
Beds
2
Baths
0
½ Baths
2.63
Acres
1986
Built
Neighborhood:
Croton Twp
County:
Newaygo
School District:
Newaygo
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 businessit'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 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.
Exterior Features

Construction Materials Vinyl Siding Driveway Paved YN Yes Driveway Unpaved YN Yes Foundation Details [] Road Surface Type Paved Roof Metal Water Access YN Yes Water Type River YN Yes Waterfront Features River Waterfront YN No

Interior Features

Building Features [] Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Auction Or For Sale For Sale Business Type Restaurant Cross Street Kind St. and Dock St. Inclusions LicensesFurniture Lease Considered YN No Listing Terms ConventionalContractCash New Construction YN No Property Sub Type Business Sewer Septic Tank Tax Annual Amount 6172 Tax Year 2023 Tenant Pays [] Utilities Phone AvailableNatural Gas AvailableElectricity AvailableCable AvailablePhone ConnectedNatural Gas ConnectedElectricity ConnectedCable Connected Water Source WellPublic Zoning 201/R-1

Listing provided courtesy of Donald Dowland of LPT Realty: 650-543-2753. © 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.


© 2025 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2025-02-15T19:33:52.4.
 
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Deb Stevenson Group - Greenridge Realty
300 S Rath
Ludington MI, 49431