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    OFF-MARKET
    Commercial real estate

    202 Butler St, Saugatuck, MI 49453-9493

    3,420 SF 0.11 ac lot Built 1851
    Individually Owned Free & Clear
    Property ID
    US43-1869874
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pumpernickels Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Rison Bs L L C
    Rison Bs L L C
    since 2025
    3 recorded transactions
    2025
    2017
    $300,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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