7221 S Croton Hardy Drive new Save Request In-Person Tour Request Virtual Tour
Newaygo,MI 49337
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 2,907 sqft
Price per Sqft $239
Municipality Croton Twp
Subdivision River Forest
MLS Listing ID 25000151
Full Baths 2
Year Built 1986
Annual Tax Amount $6,172
Tax Year 2023
Lot Size 2.634 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 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. 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.
Location
State MI
County Newaygo
Area West Central - W
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
Cooling Central Air
Inclusions Licenses, Furniture
Exterior
Utilities Available Phone Available,Natural Gas Available,Electricity Available,Cable Available,Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected
Waterfront Description River
View Y/N No
Roof Type Metal
Street Surface Paved
Building
Sewer Septic Tank
Water Well,Public
Structure Type Vinyl Siding
New Construction No
Schools
School District Newaygo
Others
Tax ID 20-08-252-012
Ownership LLC
Acceptable Financing Conventional,Contract,Cash
Listing Terms Conventional,Contract,Cash