Flex Space with Road
3383 Blue Star Highway Saugatuck, MI 49453
New
For Sale
$350,000
Flex property with a 1,280 sq ft open work studio, bathroom, AC, natural gas, and public water on 100' road frontage.
Property Size1,280 SF
Lot Size0.67 Acres
Price / SF$273.44
Days on Market6
Property Features for 3383 Blue Star Highway
General Information
Standard status
Active
Size
1,280 SF
Lot size
0.67 Acres
Property subtype
Business Opportunity
Building Details
Year Built
1984
Listing Agency:
BHG Connections
(616) 212-3391
Listed By:
Kevin Schippa · License #6501380122
(616) 212-3391
Source:
Phgrealty
Added: Jul 24
Changed: Jul 28
Last Checked: Jul 28 at 8:22AM
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.
This flex space property includes a 1,280 sq ft open floor plan work studio with a bathroom, air conditioning, natural gas service, and public water. The site totals just under 3/4 of an acre and features 100 feet of road frontage.
The property is located on High Visibility Blue Star Highway in Saugatuck Township, with downtown Saugatuck less than 5 minutes away.
Zoning is C-1, offering a range of potential uses under local requirements. The current configuration provides a straightforward open workspace layout suitable for a variety of commercial activities.
The property is located on High Visibility Blue Star Highway in Saugatuck Township, with downtown Saugatuck less than 5 minutes away.
Zoning is C-1, offering a range of potential uses under local requirements. The current configuration provides a straightforward open workspace layout suitable for a variety of commercial activities.
Key Highlights
- 1984‑built commercial flex property on Blue Star Hwy with high visibility
- Situated on 0.67‑acre lot with 100' road frontage
- Includes a 1,280 sq ft open floor plan work studio with a bathroom
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
Industrial
$85.5K
$74.8K – $99.8K
NOI $5,986 @ 7.0% cap · market cap 1.71%
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?
Flex space - Flex property with a 1,280 sq ft open work studio, bathroom, AC, natural gas, and public water on 100' road frontage.
Where is this flex 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 $350,000.
What are key features of this property?
This property features: 1984‑built commercial flex property on Blue Star Hwy with high visibility; Situated on 0.67‑acre lot with 100' road frontage; Includes a 1,280 sq ft open floor plan work studio with a bathroom
