241 Butler Street
Saugatuck, MI 49453
1 bath | 0.07 acres | #25020840
Description
''BUILDING ONLY SALE'' Prime Commercial Building on the main street of Saugatuck (Butler Street). This is a historic building in the heaviest foot traffic area of the historic district of Downtown Saugatuck. The tenant, ''Momentum'',
is a clothing chain with this store being their highest volume store. 241 Butler Street has a large backyard with a ''private'' easement off of
Hoffman Street for access to the back. This is also very rare in the downtown historic district.The current ''net rental income'' is approximately $57,600 annually, giving the investor a 8.4%
annual yield, not including annual appreciation. There is no land available to build competing commercial buildings in downtown Saugatuck, which make this building steady in appreciation year after year.
Property Details
- Utility FeaturesPhone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- School DistrictSaugatuck-Douglas
- Original List Price$685,000
- MLS #25020840
- MLS #25020840
- CountyAllegan
- Cost685000
- Property SubtypeRetail
- Acres0.07
- Year Built1920
- Days on Market (Cumulative)22
- Bathrooms1
- Full Baths1
Location
Legal
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Last Updated: . Source: MichRIC
Listing Courtesy
Listing Agent: Joseph Kendrick (#s11160)
Listing Office: USRealty.com LLP (#susrl01)
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