Real estate listing preview #1Real estate listing preview #2Real estate listing preview #3Real estate listing preview #4Real estate listing preview #5Real estate listing preview #6Real estate listing preview #7Real estate listing preview #8Real estate listing preview #9
listing
1 of 9
CommercialFor Sale
$685,000
241 Butler
Saugatuck, MI 49453
Courtesy of USRealty.com LLP
MLS: East Central AOR
1,928Sq Ft
Est. Mortgage
$3,636/mo

''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.

Get in touch
Compliance Image
Community / School Information