118 Hoffman St - Storefront Retail/Residential FOR SALE


Saugatuck, MI 49453
$1,699,000 USD
616-831-9900
118 Hoffman St, Saugatuck, MI for Sale
$1,699,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

118 Hoffman St
Saugatuck, MI 49453


OVERVIEW

Completely renovated mixed-use building in the heart of Saugatuck, 118 Hoffman Street offers a street-level commercial suite and three beautifully finished residential apartments, all taken down to the studs and rebuilt in 2026. Originally constructed circa 1920 and now brand new after renovation, the building features new floor boards, electrical, HVAC, plumbing, and a new roof installed in 2021, combining historic character with a clean, modern finish and flexible income-producing use. The residential apartments may also be utilized as short-term rentals, providing additional income flexibility in a market that benefits from strong tourist traffic and seasonal visitation. Located in downtown Saugatuck, the property enjoys excellent walkability, steady pedestrian activity, and close proximity to shops, dining, galleries, and the waterfront, all of which support long-term tenant demand and strong investment appeal.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

COMM

APN/PARCEL ID

57-300-105-00

ASK ABOUT THIS PROPERTY

Rob AndersonEquity Group Of Michigan LLCMore Info
616-831-9900

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Rob AndersonEquity Group Of Michigan LLCMore Info
616-831-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.