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Property profile

2790 Blue Star Hwy Fennville, MI 49408

FOR SALE
Retail space
Property ID
US43-1918358
2,073 SF 0.98 ac lot Built 1940
Last sale Mar 2026 · $400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a former inn and motel building located at 2790 Blue Star Hwy in Saugatuck Township, Michigan (49408). It occupies nearly an acre and features a distinctive log-cabin exterior. The building, constructed in 1940, contains approximately 2,076 square feet and is configured as a completely open interior space with two bathrooms, offering flexibility for reconfiguration. Historically used for hospitality, the structure may be suitable for redevelopment into uses such as lodging, retail, office, or studio operations, subject to applicable zoning and approvals.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2024$273k
Assessed land$31k
Assessed improvement$242k

Value estimate

· Oct 2026
$360k
$324k – $396k
AI approach$360k
NOI build-up
Gross scheduled income$3.04M
Vacancy & credit loss−$170k
Operating expenses−$1.51M
NOI · 302.90% cap applied$1.36M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220

Cap rate analysis

How does the asset earn?
302.90%
$1.36M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.5
Storage Facility8.6
Bakery8.4

Location

2790 Blue Star Hwy Fennville, MI 49408
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
126 Main, Fennville, MI 49408-5124 $175,000 Jan 2026 4,200 SF
1402 Adams, Fennville, MI 49408 $200,000 May 2024 2,410 SF
220 Main, Fennville, MI 49408-5106 $180,000 Jan 2023 1,041 SF
202 Main, Fennville, MI 49408-5106 $275,000 Nov 2022 3,870 SF
222 Maple, Fennville, MI 49408-5129 $282,000 Jul 2020 4,252 SF
125 Maple, Fennville, MI 49408-9354 $110,000 Sep 2019 4,716 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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