Waterfront Bed & Breakfast
For Sale
$1,690,000
787 Lake Street Unit SourceFi, Saugatuck, MI 49453
Remodeled, furnished lodging asset with private outdoor amenities and shared waterfront recreation.
Property Size2,744 SF
Price / SF$615.89
Days on Market172
Property Features for 787 Lake Street Unit SourceFi
General Information
Standard status
Active
Size
2,744 SF
Property subtype
Business Opportunities
Amenities
3
Composition
Building Details
Year Built
1920
Listing Agency:
BHG Connections
(616) 218-0873
Listed By:
Tammy Kerr · License #6502433373
(616) 218-0873
Source:
Xome
Added: Mar 13
Changed: Aug 30
Last Checked: Aug 30 at 3:04PM
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 waterfront bed-and-breakfast property comprises a 2,744-square-foot home built in 1920 and subsequently remodeled. The residence includes seven bedrooms and six bathrooms, along with a four-season front porch, rear patio, barbecue area, and private hot tub. Furnishings are included in the sale.
The property is part of an 11-unit association with a shared pool and two owner-accessible end docks. The docks include a gated area for boat security. Located on Lake Street in Saugatuck, the home sits between downtown Saugatuck and Douglas, within walking distance of restaurants, retail, bars, and parks.
The residence is currently configured for group lodging and could be converted to a bed-and-breakfast format for owner occupancy with room rentals, subject to applicable requirements.
The property is part of an 11-unit association with a shared pool and two owner-accessible end docks. The docks include a gated area for boat security. Located on Lake Street in Saugatuck, the home sits between downtown Saugatuck and Douglas, within walking distance of restaurants, retail, bars, and parks.
The residence is currently configured for group lodging and could be converted to a bed-and-breakfast format for owner occupancy with room rentals, subject to applicable requirements.
Key Highlights
- Waterfront home with 2,744 square feet, 7 bedrooms, and 6 bathrooms
- Remodeled residence with furnishings included
- Four‑season porch, rear patio, barbecue area, and private hot tub
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Well-served
Demand for This Use
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bed & breakfast - Remodeled, furnished lodging asset with private outdoor amenities and shared waterfront recreation.
Where is this bed & breakfast located?
The property is located at 787 Lake Street Unit SourceFi Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,690,000.
What are key features of this property?
This property features: Waterfront home with 2,744 square feet, 7 bedrooms, and 6 bathrooms; Remodeled residence with furnishings included; Four‑season porch, rear patio, barbecue area, and private hot tub
