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790 Lake St Saugatuck, MI 49453

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For Sale
$1,285,000

Premier multi-family property in downtown Saugatuck with harbor views.

Lot size:
0.64 Acres

Property Features for 790 Lake St

General Information

Property type
Investment
Standard status
Active
Lot size
0.64 Acres

Building Details

Year built
1905

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Listing Contact
Laura J Durham
Laura J Durham
Source: Elliman

Listing Agency: Mill Pond Realty, Inc. Listing Agent: Laura J Durham

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

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Overview

Saugatuck Multi-Family Investment Opportunity

This multi-family property in downtown Saugatuck offers 3,434 square feet across three distinct units. The property is suitable for investors seeking income potential or owner-occupants looking to offset expenses with rental income. The main level features 2 bedrooms, 2 full baths, a spacious kitchen, dining room, living room, breakfast nook, wet bar, and covered porch. The front upper unit offers 2 bedrooms, 1 bath, full kitchen, living room, and a porch with water views. The rear upper unit includes 1 bedroom, 1 bath, kitchen, living area, and private porch overlooking the pool and backyard. The lower level currently serves as storage and a laundry facility. The landscaped grounds include two koi ponds, a fire pit, patio, and a newer in-ground pool with fenced enclosure. There are 7 parking spaces plus a 2-stall garage. The location is near restaurants, shops, galleries, and the waterfront boardwalk in downtown Saugatuck, and also close to Douglas. Currently operated as a residence with two short-term rental units, this property comes with a transferable STR certificate.
Location Intelligence

Current Use by Public Records

Lake Street Commons ... Hotel & Motel

Suggested Use

Law Firm Real Estate Agency Spa & Massage Center Restaurant Hair Salon Nail Salon Auto Repair Shop Building Supply Gym & Fitness Center Big Box & Wholesale Store

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

Location Insight

  • Map
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City
Saugatuck
County
Allegan
State
Michigan
Longitude
-86.1959192
Latitude
42.6522906

FAQs

What type of property is this?
Multifamily property - Premier multi-family property in downtown Saugatuck with harbor views.
Where is this multifamily property located?
The property is located at 790 Lake St Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: - Premier multi-family property in downtown Saugatuck with harbor views.; - Three distinct units offering income potential or owner-occupancy with rental income.; - Transferable Short-Term Rental (STR) certificate included.
More about this property
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