Open-Plan Office Studio with Road
3383 Blue Star Highway Unit SourceFi Saugatuck, MI 49453
For Sale
$350,000
A 1,280 sq. ft. open floor plan studio with bathroom, AC, natural gas, and public water on 100' of road frontage.
Property Size1,280 SF
Lot Size0.67 Acres
Price / SF$273.44
Days on Market8
Property Features for 3383 Blue Star Highway Unit SourceFi
General Information
Standard status
Active
Size
1,280 SF
Lot size
0.67 Acres
Property subtype
Business Opportunities
Building Details
Year Built
1984
Listing Agency:
BHG Connections
(616) 212-3391
Listed By:
Kevin Schippa · License #6501380122
(616) 212-3391
Source:
Xome
Added: Jul 22
Changed: Jul 29
Last Checked: Jul 29 at 10:10AM
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 BHG Connections
Investment Insights
Based on property information with market context.
The property is a creative/open-plan work studio with approximately 1,280 square feet of space, including a bathroom. Improvements and utilities noted include air conditioning, natural gas, and public water, providing basic operating support for day-to-day use.
It is located on High Visibility Blue Star Hwy with about 100 feet of road frontage and a site size just under 3/4 of an acre. The property is described as being less than 5 minutes to downtown Saugatuck, and it is zoned C-1.
The C-1 zoning designation is stated as allowing for a multitude of possibilities, supporting a range of potential commercial uses under the local zoning framework.
It is located on High Visibility Blue Star Hwy with about 100 feet of road frontage and a site size just under 3/4 of an acre. The property is described as being less than 5 minutes to downtown Saugatuck, and it is zoned C-1.
The C-1 zoning designation is stated as allowing for a multitude of possibilities, supporting a range of potential commercial uses under the local zoning framework.
Key Highlights
- 1,280 sq. ft. open floor plan work studio with a bathroom
- Located on Blue Star Hwy with high visibility and 100' of road frontage
- .67‑acre lot in Saugatuck Twp with C‑1 zoning
Financial Insights For Office B
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 | $21.8k | $17.04 |
| − Vacancy | −$3.0k | −$2.35 |
| EGI | $18.8k | $14.69 |
| − OpEx | −$4.7k | −$3.67 |
| NOI | $14.1k | $11.02 |
1,280 SF · lease $17.04/SF/yr · vacancy 13.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$201.4K
$176.3K – $235.0K
NOI $14,101 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$12.02M
$10.52M – $14.02M
NOI $841,437 @ 7.0% cap · market cap 240.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Creative space - A 1,280 sq. ft. open floor plan studio with bathroom, AC, natural gas, and public water on 100' of road frontage.
Where is this creative space located?
The property is located at 3383 Blue Star Highway Unit SourceFi Saugatuck, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,280 sq. ft. open floor plan work studio with a bathroom; Located on Blue Star Hwy with high visibility and 100' of road frontage; .67‑acre lot in Saugatuck Twp with C‑1 zoning
