202 Butler St - Restaurant FOR SALE


Saugatuck, MI 49453
$1,575,000 USD
561-889-3255
202 Butler St, Saugatuck, MI for Sale
$1,575,000 USD
Restaurant - FOR SALE
1/19
null | 7.75% Cap Rate

202 Butler St
Saugatuck, MI 49453


HIGHLIGHTS

  • Sale is for the building only—Pumpernickel's Restaurant is not included and remains a long-term tenant.
  • Prime location on the busiest corner of Saugatuck, with exceptional foot and vehicle traffic.
  • Historic charm—the building dates back to 1840 and is one of the oldest structures in Saugatuck.
  • Unmatched outdoor seating—more exterior seating than any other restaurant on Butler Street.

OVERVIEW

Sale is for BUILDING ONLY. The business, Pumpernickel's Restaurant, is not for sale and is a long term tenant, (Please do not disturb the tenant or the employees with questions. (Call Fred Gerigery at 561-889-3255 for any questions you may have or to set up an appointment for a showing). Strong cash flow building for sale, located in the historic district, and also on the busiest corner in Saugatuck for both foot and drive by traffic! It also has more outside exposed seating than any other restaurant on the main street in Saugatuck (Butler Street). Pumpernickel's Restaurant has been located here for close to 40 years. This is one of the most historic buildings in Saugatuck, dating back to 1840. Just for some historical perspective, at the time 202 Butler was built, there were only 26 states in the Union, (Michigan being the last, on January, 26th, 1837). Native American Indians controlled everything west of the Mississippi. Ford Motor wasn't founded for another 56 years. (See some of the historic pictures in the listing).

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pumpernickel Eatery

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1840

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Mason St

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

CC

APN/PARCEL ID

57-300-146-00

ASK ABOUT THIS PROPERTY

Fred GerigeryFred GerigeryMore Info
561-889-3255

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Fred GerigeryFred GerigeryMore Info
561-889-3255

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