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118 Hoffman Street

Saugatuck, Michigan 49453


Jim Leonard
269.470.2023

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$550,000

Jim Leonard
269.470.2023
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Property Type
Retail Store
Neighborhood
Saugatuck


Mixed use building for sale in the downtown historic district of Saugatuck Michigan. Two commercial units, one being seasonal and three residential units. Currently 100% occupied. Great upside potential if re-purposed into short term rentals. Current lease amounts are below market and some tenants have been there for years without an increase. Close to shopping, nightlife, restaurants and boat slips. Lots of options with this one. Purchase and have an instant income stream. Convert some units to short term rentals, local property manager quoted owner a rental income of $2400 week for the upper unit during the peak season. Buy it, convert to condominiums and sell off each unit.



Full Features
Lot Size: 0.06 acres - 2,613 square feet
Built: 1900
Stories: 2.00
Potential Use: Retail
Zoning: WSE-WATER E C-2


Taxes & Assessments
Taxes: $7,223

Listing Office: Keller Williams Realty Holland

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Saugatuck

Located in Allegan County, within Saugatuck Township, Saugatuck is a city of just under 1,000 residents in southwestern Michigan.Originally known as Kalamazoo Village, Saugatuck was founded by William C. Butler, who bought land in the area in 1833. However, just…

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118 Hoffman Street Saugatuck, Michigan 49453 is a retail store property, currently listed at $550,000. Want to learn more about 118 Hoffman Street Saugatuck, Michigan 49453? Contact an @properties agent to request more info.


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