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Financial
Distress signals
Property profile

447 Butler St Saugatuck, MI 49453

FOR SALE
Bed & breakfasts
Property ID
US43-2462549
5,577 SF 0.18 ac lot Built 1904
Last sale Jan 2013
Trust Owned Owner of record is a trust. 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A historic residence in Saugatuck constructed in 1904 by John Koning, totaling 4,041 square feet. The home contains seven bedrooms, with each bedroom having its own full bathroom; many rooms include fireplaces. The layout includes a main level with a living area, a full bedroom ensuite, a large kitchen, a half bathroom, and two covered porches. The second floor has six bedrooms, each with a private full bathroom, along with a laundry area. The owner’s suite spans an additional level and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$385k
Assessed land$144k
Assessed improvement$241k

Value estimate

· Oct 2026
$370k
$333k – $407k
NOI build-up
Gross scheduled income$5.92M
Vacancy & credit loss−$332k
Operating expenses−$2.94M
NOI · 171.38% cap applied$2.66M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
171.38%
$2.66M estimated NOI · market benchmarks for this use type

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

Zoning insight

What can be built here?
CC-CITYCENT C1
JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.7
Wholesale Shop9.2
Locksmith8.7

Location

447 Butler St Saugatuck, MI 49453
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

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

Comparables

4 recorded sales · 5 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
401 403rd 405th 407th, Saugatuck, MI 49453 $1,680,000 Jul 2024 4,276 SF
450 Culver, Saugatuck, MI 49453 $515,000 Apr 2020 2,830 SF
888 Holland, Saugatuck, MI 49453-9607 $575,000 Dec 2019 4,614 SF
227 Griffith, Saugatuck, MI 49453-8603 $775,000 Apr 2019 3,659 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
5 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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