Entity Owned 
For Sale
1 / 106
Property summary
This exceptional mixed-use property in the heart of Saugatuck, Michigan presents a unique investment opportunity. The 9,176 square foot building boasts a beautiful brick façade and is situated on a 0.09-acre lot on Butler Street, just a block from the Kalamazoo River and adjacent to city parks. Its prime location offers excellent visibility from the bustling street. The building features a blend of residential and commercial spaces, providing diverse income streams. Upstairs, three unique residential units offer a mix of amenities. One unit includes two bedrooms, two bathrooms, and a fireplace. Another features one bedroom and one bathroom, while the third boasts one bedroom, one bathroom, a fireplace, and access to a private 30x30 foot deck. All residential units benefit from newer mechanical systems. Downstairs, five established commercial spaces are currently leased to thriving businesses. Each commercial unit is equipped with its own heating and air conditioning, and they share a common bathroom. The building also includes a full basement and ample parking. Original features such as maple floors and decorative tin ceilings add to the property's charm and historical significance. This property offers a compelling combination of historical character, strong rental income, and a highly desirable location. The asking price is $2,250,000.
Property profile
VerifiedCap rate & NOI
Current use
-
Gym & Fitness Center
-
Home Decor Store Department Store
-
(Bike/Boat/Book/etc) Store Florist
-
Cycling Facility (Bike/Boat/Book/etc) Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Saugatuck market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
