$1,890,000
Saugatuck, MI 49453
MLS# 24004275
3 baths | 6084 sqft
1 / 41
Property Description
Great investment property located in downtown Saugatuck. The building was remodeled in 1999. Currently leased. Each tenant pays for their gas and electric. Owner pays for shared common area gas and electric, water and waste. Currently there are 2 retail spaces 560 sq feet and 1242 sq ft, 1 office space 842 sq ft and 2 apartments 1115 sq ft and 877 sq ft. income is 10,400 a month until September 2024. 10 yr lease on Chantal's until 2034. $3000 a month for 560 sq ft. The rest are yearly. The office and back apartment end September 2024. Front apartment is owner occupied and is $3000/month till Sept 2025. Business not for sale, only the building.
Details
Maps
Documents
Location & Property Info
County: Allegan
Street #: 133
Street Name: Butler
Suffix: Street
State: MI
Zip Code: 49453
Cross Streets: Mason & Culver
Property Sub-Type: Business Opportunity
Area: Holland/Saugatuck - H
Municipality: Saugatuck City
Office/Contract Info
Status: Active
Current Price: $1,890,000
List Price: $1,890,000
Auction or For Sale: For Sale
List Price/SqFt: 310.65
Prop Avail for Lease?: No
Sub Agency Type: %
Buyer Agency: 2
Buyer Agency Type: %
Trans Coord Type: %
Listing Date: 2024-01-19
Current Bldg Use: mixed residential/commercial
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.13
Lot Square Footage: 5532
Lot Dimensions: 42 x 132
Year Built: 1940
Mineral Rights: No
Year Remodeled: 1999
Total # Units: 5
# Fin Bldg Lvls: 2
Total # Bldgs: 1
Total SqFt: 6084
Total Net SqFt: 6084
Property Use Type: Investment
Full Baths: 1
Total Baths: 3
Waterfront: No
School District: Saugatuck-Douglas
Elementary School: Douglas
Middle School: Saugatuck
High School: Saugatuck
Tax Info
Tax ID #: 035730017400
Taxable Value: 423555
SEV: 557800
For Tax Year: 2023
Annual Property Tax: 25254
Tax Year: 2023
Spec Assessment & Type: None known
Zoning: CC-C1
Remarks & Misc
Legal: LOT 174 EX N 24 FT Kalamazoo Plat, Tax Map: 0.12 AC
Directions: Holland St to Francis St. to Butler St.
Additional Details
Total Parking Spaces: 5
SqFt Information
Rentable Office SqFt: 1200
Rentable Other SqFt: 2000
Rentable Retail SqFt: 1156
Property Features
Property Use: Business; Investment
Uses: Professional Service; Professional/Office; Retail; Other
Ownership: LLC
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Wood Siding
Roofing: Rubber
Foundation: Combination; Concrete Perimeter
Below Grade: None
Additional Features: Bath Common Area; Fire Sprinkler; Multi User Facility
Tenant Pays All: Electric; Gas
Sewer: Public
Water: Public
Utilities Attached: Cable; Electric; Natural Gas; Telephone
Util Avail at St: Broadband; Cable; Electric; Natural Gas; Public Sewer; Public Water; Storm Sewer; Telephone
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Floor Plans 
Listing Office: CENTURY 21 Affiliated
Listing Agent: Tammy Kerr
Last Updated: February - 21 - 2024
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