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    311 Water St Saugatuck, MI 49453

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    For Sale
    $2,250,000

    Mixed-use property in downtown Saugatuck with retail and residential units.

    Property size:
    5,327 SF
    Lot size:
    0.16 Acres

    Property Features for 311 Water St

    General Information

    Size
    5,327 SF
    Lot size
    0.16 Acres

    Source: CBRE Agent Russ Bono, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Saugatuck Mixed-Use Opportunity

    Located in the heart of downtown Saugatuck, Michigan, this mixed-use property presents an opportunity in one of West Michigan's popular resort areas. The property consists of two buildings and includes three retail units, five Air BnB units, and one full-time residential rental. Current tenants include Koorey's Creations, Boardwalk Deli, and Fresh Basil Cafe. Situated on Water Street, the property offers views of the Kalamazoo River and is within walking distance of all downtown amenities. The property has a total size of 5327 square feet. The residential units feature new mini-splits, and all Air BnB furniture and chattels are included.
    Location Intelligence

    Current Use by Public Records

    Boardwalk Deli & Ice ... Sandwich Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Saugatuck
    County
    Allegan
    State
    Michigan
    Longitude
    -86.2051155
    Latitude
    42.656841

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in downtown Saugatuck with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 311 Water St Saugatuck, MI.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: - Prime downtown Saugatuck location on Water St with Kalamazoo River views; - Mixed-use property: three retail units, five Air BnB units, and one residential rental; - Established retail tenants include Koorey's Creations, Boardwalk Deli, and Fresh Basil Cafe
    (616) 799-6629
    Request Owner's contact information
    311 Water St Saugatuck, MI 49453
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    Saugatuck, MI 49453
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Water St Saugatuck, MI 49453
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