MI > Saugatuck
Saugatuck, MI 49453,241 Butler Street
Saugatuck, MI 49453,241 Butler Street
Saugatuck, MI 49453,241 Butler Street
Saugatuck, MI 49453,241 Butler Street
Saugatuck, MI 49453,241 Butler Street
Saugatuck, MI 49453,241 Butler Street
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Lindsey Broadwell

Lindsey Broadwell

+1(248) 877-1011
$ 685,000
Est. payment | /mo

1,928 SqFt

Save
$ 685,000
Est. payment | /mo
Save

1,928 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,928 sqft

Price per Sqft $355

MLS Listing ID 69025020840

Year Built 1920

Annual Tax Amount $6,682

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 25X129

Source Southwestern Michigan Association of REALTORS®

Property Description

''BUILDING ONLY SALE'' Prime Commercial Building on the main street of Saugatuck (Butler Street). This is a historic building in the heaviest foot traffic area of the historic district of Downtown Saugatuck. The tenant, ''Momentum'',is a clothing chain with this store being their highest volume store. 241 Butler Street has a large backyard with a ''private'' easement off ofHoffman Street for access to the back. This is also very rare in the downtown historic district.The current ''net rental income'' is approximately $57,600 annually, giving the investor a 8.4%annual yield, not including annual appreciation. There is no land available to build competing commercial buildings in downtown Saugatuck, which make this building steady in appreciation year after year.

Location

State MI

County Allegan

Area Saugatuck

Direction 1-196 to Exit 36, turn West on Blue Star Hwytowards Saugatuck/Douglas. Turn West on LakeStreet to Butler. Turn North/Right on ButlerStreet. Go a block and a half to address.

Interior

Heating Forced Air

Heat Source Electric, Natural Gas

Exterior

Roof Type Other,Rubber

Building

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Brick,Other

Schools

School District Saugatuck

Others

Tax ID 5730013100

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Joseph Kendrick of USRealty.com LLP
advisor-avatar

+1(248) 877-1011

broadwell@realmilife.com

6060 Dixie Hwy, Clarkston, MI, 48346, USA

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