Back to Search

Three-Unit Residential Income Property

722 Lake St, Saugatuck, MI 49453

View on Map

For Sale

$1,100,000

Three-unit property in Saugatuck with an updated main home and short-term rental setup near downtown access routes.

Type:Investment

Property size:

2,200 SF

Price / SF:

$500/SF

HighLights

Three‑unit property in Saugatuck with updated main home and short‑term rental setup
Built in 1935; main home offers 2,200+ sq ft of living space with original hardwood floors
Main floor includes a front sun porch, high‑end kitchen, and two full bathrooms
Spacious primary bedroom with direct porch access, plus a family room with an attached full bath
Upstairs features two generous bedrooms and a large loft area currently used as additional sleeping space
Projected annual rental income models estimate well into six figures

We can help!

Listing Contact

Marie Wiedenhoeft

Learn more

For Sale

$1,100,000

Three-unit property in Saugatuck with an updated main home and short-term rental setup near downtown access routes.

Type:Investment

Property size:

2,200 SF

Price / SF:

$500/SF

Added:: Jun 1, 2026
Days on Market:: 9
Last Refresh:: Jun 6 at 4:15 am

Property Features for 722 Lake St

General Information

Standard status: Active
Size: 2,200 SF
Property subtype: Investment

Building Details

Year Built: 1935

We can help!

Listing Contact

Marie Wiedenhoeft

Listing agent Marie Wiedenhoeft

Listing office @HomeRealty

Listing date Jun 1, 2026

Source Elliman

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 @HomeRealty

HighLights

Three‑unit property in Saugatuck with updated main home and short‑term rental setup
Built in 1935; main home offers 2,200+ sq ft of living space with original hardwood floors
Main floor includes a front sun porch, high‑end kitchen, and two full bathrooms
Spacious primary bedroom with direct porch access, plus a family room with an attached full bath
Upstairs features two generous bedrooms and a large loft area currently used as additional sleeping space
Projected annual rental income models estimate well into six figures

Overview

This three-unit residential income property features a main home with character and updates throughout, plus additional units configured for short-term rental use. The main floor includes a finished front sun porch, original hardwood floors, a high-end kitchen, two full bathrooms, and a spacious primary bedroom with direct porch access. A separate family room with an attached full bath offers flexibility and could function as an additional primary suite. Upstairs, original flooring continues through two generous bedrooms and a large loft area currently used as additional sleeping space.

Located at 722 Lake St in Saugatuck, the property is described as being two blocks from downtown. It also provides convenient access near Blue Star Highway without going through downtown traffic. The provided walk and bike scores are 33 (car-dependent) and 28 (somewhat bikeable), respectively.

For operators, the layout supports a short-term rental strategy with dedicated sleeping areas inside the main home and space that can accommodate multiple guests. The seller’s remarks also reference projected annual rental income models estimating well into six figures, and the overall presentation is positioned as a maintained, updated setup intended for repeatable hospitality use.

Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Location Insight

Map
Local Demand

City: Saugatuck
County: Allegan
State: Michigan
Longitude: -86.1965413
Latitude: 42.6525939

Nearby Similar for Sale

$1,500,000

4,000 SF

Saugatuck Commercial Building on 3+ Acres

4,000 SF commercial building on 3.274 acres near US-196.

6398 Blue Star Highway, Saugatuck, MI 49453

View Details
$1,100,000

2,200 SF

Saugatuck Three-Unit Investment Property

Meticulously maintained three-unit property with short-term rental potential.

722 Lake Street, Saugatuck, MI 49453

View Details
$1,350,000

392 SF

Established Miniature Golf Course Business

Thriving entertainment business in a top vacation destination.

3460 Blue Star Highway, Saugatuck, MI 49453

View Details
$574,900

Saugatuck Duplex with Storage Building

Duplex near downtown Saugatuck with a large storage building.

6445 Old Allegan Road, Saugatuck, MI 49453

View Details
$950,000

3,690 SF

Saugatuck Mixed-Use Prime Location

Mixed-use property in downtown Saugatuck with commercial and residential units.

133 Mason Street, Saugatuck, MI 49453

View Details
$645,000

Saugatuck Two-Unit Income Property

Remodeled duplex in Saugatuck Twp with short-term rental licenses.

707 N Maple Street, Saugatuck, MI 49453

View Details
$75,000

Boat Slip with Community Amenities

For sale boat slip with dedicated parking, plus on-site pool, tennis courts, and clubhouse in Saugatuck.

987 Lake Street, Saugatuck, MI 49453

View Details
$399,000

2,460 SF

Saugatuck Commercial Storage Unit For Sale

New storage unit with upgraded features in Saugatuck, Michigan.

6313 JUST A MERE Road, Saugatuck, MI 49453

View Details
$316,900

2,040 SF

New Construction Flex Space Available

New construction flex space with customizable options in Saugatuck.

6323 JUST A MERE Road, Saugatuck, MI 49453

View Details
$316,900

2,040 SF

New Construction Flex Space Available

New construction flex space with customizable options.

6319 JUST A MERE Road, Saugatuck, MI 49453

View Details
$674,000

2,507 SF

Contemporary Home Near Downtown Saugatuck

Spacious home near downtown, with easy access to parks.

6560 Old Singapore Trail 6, Saugatuck, MI 49453

View Details
$2,225,000

9,176 SF

Historic Mixed-Use Retail & Apartments

Brick, two-story building with upstairs rentals and multiple main-level commercial spaces, plus ample parking.

439 Butler Street, Saugatuck, MI 49453

View Details

What type of property is this?

Short term rental property - Three-unit property in Saugatuck with an updated main home and short-term rental setup near downtown access routes.

Where is this short term rental property located?

The property is located at 722 Lake St Saugatuck, MI.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Three‑unit property in Saugatuck with updated main home and short‑term rental setup; Built in 1935; main home offers 2,200+ sq ft of living space with original hardwood floors; Main floor includes a front sun porch, high‑end kitchen, and two full bathrooms