Mixed-Use Building with
For Sale
$950,000
133 Mason Street, Saugatuck, MI 49453
C-1-zoned commercial space occupies the lower levels, with a private-entry residence above.
Property Size3,690 SF
Price / SF$257.45
Days on Market265
Property Features for 133 Mason Street
General Information
Standard status
Active
Size
3,690 SF
Property subtype
Retail
Zoning
C-1
Units
Unit Mix
1 x 1BR/1.5BA
Multifamily Units
1
Additional Details
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$10,188
Amenities
in-unit laundry
gas fireplace
private deck
Building Details
Building Size
3,690 SF
Year Built
1908
Buildings
1
Listing Agency:
Coldwell Banker Woodland Schmidt
Listed By:
The Jim and Bernie Team · License #6506041602
(616) 355-3650
Source:
Bialikrealestate
Added: Feb 5
Changed: Oct 26
Last Checked: Oct 26 at 3:13PM
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 Coldwell Banker Woodland Schmidt
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Investment Insights
Based on property information with market context.
This 1908 mixed-use property in downtown Saugatuck contains 3,690 square feet overall. The main and lower levels provide approximately 2,300 square feet of commercial space under C-1 zoning. A private-entry apartment spans the second and third floors, with one bedroom and one and a half bathrooms.
The residence has an open layout, in-unit laundry, a gas fireplace and a private deck. Water views are visible from the bedroom. The property is on Mason Street in downtown Saugatuck, with Kilwins and Pumpernickles identified as neighboring businesses.
The residence has an open layout, in-unit laundry, a gas fireplace and a private deck. Water views are visible from the bedroom. The property is on Mason Street in downtown Saugatuck, with Kilwins and Pumpernickles identified as neighboring businesses.
Key Highlights
- 3,690‑square‑foot mixed‑use property built in 1908
- Approximately 2,300 square feet of C‑1‑zoned commercial space
- Private‑entry, one‑bedroom apartment with 1 1/2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,305
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,100
$766.1K
Cap Rate 7%
$547,214
$547.2K
Cap Rate 9%
$425,611
$425.6K
Market Conditions
NOI Build-Up for 3,690 SF
Gross rent
$57.1K $15.48/SF
− Vacancy
−$2.4K −$0.65/SF
EGI
$54.7K $14.83/SF
− OpEx
−$16.4K −$4.45/SF
NOI
$38.3K $10.38/SF
Area
Allegan County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,100
Cap Rate 7%
$547,214
Cap Rate 9%
$425,611
Alternative Uses
Best Use
Retail
$547.2K
$478.8K – $638.4K
NOI $38,305 @ 7.0% cap · market cap 4.03%
Second Best
Mixed Use
$203.8K
$178.3K – $237.7K
NOI $14,264 @ 7.0% cap · market cap 1.50%
Theoretical Best
Hotel Hospitality
$34.65M
$30.32M – $40.43M
NOI $2,425,704 @ 7.0% cap · market cap 255.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 81%
Dining 19%
Glik's
Apparel
2,994 visits/mo
0.1 miles
Kilwin's
Dining
689 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-1-zoned commercial space occupies the lower levels, with a private-entry residence above.
Where is this mixed-use property located?
The property is located at 133 Mason Street Saugatuck, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,690‑square‑foot mixed‑use property built in 1908; Approximately 2,300 square feet of C‑1‑zoned commercial space; Private‑entry, one‑bedroom apartment with 1 1/2 bathrooms
