241 Butler Street Active Save Request In-Person Tour Request Virtual Tour
Saugatuck,MI 49453
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,928 sqft
Price per Sqft $355
MLS Listing ID 25020840
Full Baths 1
Year Built 1920
Annual Tax Amount $6,682
Tax Year 2024
Lot Size 3,180 Sqft
Property Sub-Type Retail
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 of
Hoffman 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 Outside Michric Area - Z
Interior
Heating Forced Air
Exterior
Utilities Available Phone Connected,Natural Gas Connected,Electricity Connected,Cable Connected
View Y/N No
Roof Type Rubber
Building
Structure Type Brick
New Construction No
Schools
School District Saugatuck-Douglas
Others
Acceptable Financing Conventional,Cash
Listing Terms Conventional,Cash