311 Water St - Restaurant FOR SALE


Saugatuck, MI 49453
$2,250,000 USD
616-799-6629
311 Water St, Saugatuck, MI for Sale
$2,250,000 USD
Restaurant - FOR SALE
1/28
null | 7% Cap Rate

311 Water St
Saugatuck, MI 49453


HIGHLIGHTS

  • 2 Buildings, Each with Retail and Air BnBs
  • Located in Downtown Saugatuck - Walkable to a variety of amenities
  • Views of the Kalamazoo River
  • Historically well occupied
  • Great Mixed Use Investment

OVERVIEW

Amazing Mixed Use opportunity in the heart of Downtown Saugatuck MI., one of West Michigan's most popular resort areas. Three Retail Units, Five Air BnB units and one full time Residential Rental. 2 Buildings total. Current retail tenants are Koorey's Creations, Boardwalk Deli and Fresh Basil Cafe. Located on Water St with Views of the Kalamazoo River, Walking Distance to every amenity in the Downtown area. New Mini-Splits in the Residential units, all Air BnB furniture and chattels included.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$721 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

Downtown Commercial

APN/PARCEL ID

57-300-103-00

ASK ABOUT THIS PROPERTY

616-799-6629

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616-799-6629

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