Retail Studio with Open Floor
For Sale
$345,000
3383 Blue Star Highway, Saugatuck, MI 49453
Commercial Sale, Saugatuck, MI
Property Size1,280 SF
Lot Size0.67 Acres
Price / SF$269.53
Days on Market92
Property Features for 3383 Blue Star Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Elementary school district
Saugatuck-Douglas
Middle school district
Saugatuck-Douglas
High school district
Saugatuck-Douglas
Directions
Blue Star Hwy to Address. Property is just South of 134th, on Blue Star Hwy, East side of Road.
Standard status
Active
APN
20-010-013-10
Size
1,280 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
See Attached
Tax Annual Amount
4475
Legal Description
See Attached
Utilities
Sewer type
Septic Tank
Heating system
Radiant
Cooling system
Central Air
Amenities
Bathroom
AC
Natural Gas
Public Water
Building Details
Year built
1984
Number of units
1
Building materials
Metal Siding
Roof type
Composition
Listing Agency:
BHG Connections
(269) 400-5400
Listed By:
Kevin Schippa
(616) 212-3391
Added: Jul 24
Changed: Oct 13
Last Checked: Oct 23 at 4:06PM
MLS# 26038350
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.
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Investment Insights
Based on property information with market context.
This C-1-zoned retail property includes a 1,280-square-foot open-plan work studio with a bathroom, central air, natural gas, and public water. Built in 1984, the building features metal siding, a composition roof, radiant heating, and a septic tank. The open interior provides a flexible commercial setting within a compact, functional building.
The property occupies 0.67 acres along Blue Star Highway and provides 100 feet of road frontage. Downtown Saugatuck is less than 5 minutes away, placing the site within a short drive of the city center. Its highway-facing position, commercial zoning, and existing building improvements support a range of retail-oriented uses subject to applicable approvals.
The property occupies 0.67 acres along Blue Star Highway and provides 100 feet of road frontage. Downtown Saugatuck is less than 5 minutes away, placing the site within a short drive of the city center. Its highway-facing position, commercial zoning, and existing building improvements support a range of retail-oriented uses subject to applicable approvals.
Key Highlights
- 0.67‑acre commercial parcel with 100 feet of road frontage
- 1,280‑square‑foot open‑plan work studio
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,101
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
$282.0K
Cap Rate 7%
$201,443
$201.4K
Cap Rate 9%
$156,678
$156.7K
Market Conditions
NOI Build-Up for 1,280 SF
Gross rent
$21.8K $17.04/SF
− Vacancy
−$3.0K −$2.35/SF
EGI
$18.8K $14.69/SF
− OpEx
−$4.7K −$3.67/SF
NOI
$14.1K $11.02/SF
Area
Allegan County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,020
Cap Rate 7%
$201,443
Cap Rate 9%
$156,678
Alternative Uses
Best Use
Office B
$201.4K
$176.3K – $235.0K
NOI $14,101 @ 7.0% cap · market cap 4.09%
Second Best
Retail
$189.8K
$166.1K – $221.5K
NOI $13,288 @ 7.0% cap · market cap 3.85%
Theoretical Best
Hotel Hospitality
$12.02M
$10.52M – $14.02M
NOI $841,437 @ 7.0% cap · market cap 243.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
113
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - C-1-zoned commercial property with a flexible studio layout, bathroom, central air, and natural gas service.
Where is this retail space located?
The property is located at 3383 Blue Star Highway Saugatuck, MI.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 0.67‑acre commercial parcel with 100 feet of road frontage; 1,280‑square‑foot open‑plan work studio; C‑1 zoning
