Renovated Mixed-Use Income
For Sale
Contact for pricing
118 Hoffman Street, Saugatuck, MI 49453
Street-level commercial space plus three newly rebuilt apartments offers flexible live-work or rental income use.
Property Size3,176 SF
Price / SF$534.95
Days on Market81
Property Features for 118 Hoffman Street
General Information
Standard status
Active
Size
3,176 SF
Property subtype
Retail, Multifamily, Mixed Use
Zoning
C-2
Occupancy
100%
Additional Details
Multifamily Units
3
Building Details
Year Built
1925
Year Renovated
2026
Buildings
1
Tenancy
Multi
Listing Agency:
Equity Group of Michigan
Listed By:
Tom Zant · License #6501453222
Source:
Crexi
Added: Jun 3
Changed: Aug 14
Last Checked: Aug 21 at 9:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Group of Michigan
Investment Insights
Based on property information with market context.
118 Hoffman Street is a completely renovated mixed-use building originally constructed circa 1920, rebuilt with brand new finishes and systems. The property includes a street-level commercial suite and three residential apartments, with renovations taken down to the studs and completed in 2026. The building features new floor boards and updated electrical, HVAC, and plumbing, along with a new roof installed in 2021, combining historic character with a clean, modern interior.
Located in downtown Saugatuck, the building is within a walkable area near shops, dining, galleries, and the waterfront. The setting supports day-to-day pedestrian activity, with the commercial suite positioned at street level for convenient access. The residential apartments can also be operated as short-term rentals, providing additional flexibility for an operator seeking shorter stays alongside traditional leases.
For buyers, this layout offers a straightforward mixed-use approach: maintain a downtown storefront while collecting residential income from three separate apartment units. The rebuilt condition and comprehensive system upgrades help reduce near-term capital concerns, and the short-term rental option may appeal to operators who want to tailor usage to seasonal occupancy patterns.
Located in downtown Saugatuck, the building is within a walkable area near shops, dining, galleries, and the waterfront. The setting supports day-to-day pedestrian activity, with the commercial suite positioned at street level for convenient access. The residential apartments can also be operated as short-term rentals, providing additional flexibility for an operator seeking shorter stays alongside traditional leases.
For buyers, this layout offers a straightforward mixed-use approach: maintain a downtown storefront while collecting residential income from three separate apartment units. The rebuilt condition and comprehensive system upgrades help reduce near-term capital concerns, and the short-term rental option may appeal to operators who want to tailor usage to seasonal occupancy patterns.
Key Highlights
- Mixed‑use building with street‑level commercial suite and three residential apartments in downtown Saugatuck
- Taken down to the studs and rebuilt in 2026, creating a newly rebuilt interior with finishes
- Renovations include new electrical, HVAC, plumbing, new floor boards, and a new roof installed in 2021
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
Explore this area
Business Placement
Demographics for 49453, MI
2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Street-level commercial space plus three newly rebuilt apartments offers flexible live-work or rental income use.
Where is this triplex located?
The property is located at 118 Hoffman Street Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Mixed‑use building with street‑level commercial suite and three residential apartments in downtown Saugatuck; Taken down to the studs and rebuilt in 2026, creating a newly rebuilt interior with finishes; Renovations include new electrical, HVAC, plumbing, new floor boards, and a new roof installed in 2021
