Downtown Mixed-Use with Retail
133 Mason Street Saugatuck, MI 49453
For Sale
$950,000
COMMERCIAL - Saugatuck, MI
Property Size3,690 SF
Lot Size0.03 Acres
Price / SF$257.45
Days on Market174
Property Features for 133 Mason Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Basement
Standard status
Active
APN
57-300-178-10
Size
3,690 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
see attached
Tax Annual Amount
10188
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Wall Unit(s)
Building Details
Year built
1908
Floors in Building
4
Number of units
2
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
Coldwell Banker Woodland Schmidt
(616) 396-5221
Listed By:
The Jim and Bernie Team · License #6506041602
(616) 355-3650
Added: Feb 5
Changed: Jul 25
Last Checked: Jul 29 at 10:06AM
MLS# 26004292
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 133 Mason Street in downtown Saugatuck, this mixed-use property combines street-level retail with a private-entry residence above. The main and lower levels provide approximately 2,300 square feet of commercial space under C-1 zoning. The existing layout has served as a storefront and previously operated as Hoopdee Scootee, with space well-suited for retail, gallery, or personal service uses.
The second and third floors feature a private-entry 1-bedroom, 1 1/2-bath apartment. The open-concept home includes in-unit laundry, a gas fireplace, and a private deck, with water glimpses noted from the bedroom.
Neighboring businesses referenced in the listing include Kilwins and Pumpernickles, placing the property among active downtown retail destinations near the waterfront.
The second and third floors feature a private-entry 1-bedroom, 1 1/2-bath apartment. The open-concept home includes in-unit laundry, a gas fireplace, and a private deck, with water glimpses noted from the bedroom.
Neighboring businesses referenced in the listing include Kilwins and Pumpernickles, placing the property among active downtown retail destinations near the waterfront.
Key Highlights
- Prime downtown Saugatuck location, steps from the waterfront.
- Mixed‑use property with immediate cash flow potential from separate commercial and residential units.
- ~2,300 sq. ft. of HIGH‑VISIBILITY commercial space (C‑1 Zoning) ideal for various businesses.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.1k | $15.48 |
| − Vacancy | −$2.4k | −$0.65 |
| EGI | $54.7k | $14.83 |
| − OpEx | −$16.4k | −$4.45 |
| NOI | $38.3k | $10.38 |
3,690 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes high-visibility C-1 zoned retail space with a private-entry 1-bedroom, 1.5-bath apartment.
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: Prime downtown Saugatuck location, steps from the waterfront.; Mixed‑use property with immediate cash flow potential from separate commercial and residential units.; ~2,300 sq. ft. of HIGH‑VISIBILITY commercial space (C‑1 Zoning) ideal for various businesses.
