241 Butler Street new Save Request In-Person Tour Request Virtual Tour
Saugatuck,MI 49453
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