Property profile

202 Butler St Saugatuck, MI 49453

OFF-MARKET
Commercial real estate
Property ID
US43-1869874
3,420 SF 0.11 ac lot Built 1851
Individually Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional opportunity presents the chance to acquire Pumpernickles Eatery, a thriving restaurant located at 202 Butler Street in the heart of Saugatuck, Michigan. Established in 2018, this well-regarded business enjoys a prime downtown location and consistent daily operation, serving breakfast, lunch, dinner, and craft cocktails. The business model extends beyond regular service, encompassing a lucrative private event sector, catering to weddings, corporate functions, and other special occasions. This turnkey operation offers immediate income potential with an existing lease in place. The current building is also available for purchase, providing a significant advantage for long-term ownership and control. Financial details are available upon request. The property is situated in Allegan County, Michigan, with the precise address being 202 Butler Street, Saugatuck, MI 49453. This presents a unique chance to own a profitable and established business in a desirable tourist destination. Serious inquiries only. All information is deemed reliable but not guaranteed.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1851
Total area 3,420 SF
Lot 0.11 ac (4,617 SF)
APN 57-300-146-00
UPID US43-1869874

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

202 Butler St Saugatuck, MI 49453-9493
Saugatuck metro Census 30801 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$335k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2017
$300,000
2005
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 202 Butler St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message