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$ 685,000
Est. payment | /mo
1,928 SqFt
$ 685,000
Est. payment | /mo
1,928 SqFt
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 1,928 sqft
Price per Sqft $355
Subdivision Mi
MLS Listing ID 70467503
Year Built 1920
Annual Tax Amount $6,682
Tax Year 2024
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 25X129
Property Sub-Type Commercial/Industrial
Property 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 ofHoffman 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.
Location
State MI
County Allegan
Area Saugatuck (03039)
Interior
Heating Forced Air
Exterior
Roof Type Other-See Remarks,Rubber
Building
Structure Type Brick
Others
Energy Description Electric,Natural Gas
Financing Cash,Conventional
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Listed by USRealty.com LLP