241 Butler Street, Saugatuck, MI 49453
- Schools Saugatuck-Douglas
- County Allegan
- Township Saugatuck City
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms 1 (F)
- Basement
- Garage
- Acreage 0.07
- Heat Type Forced Air
- Central Air
- Year Built 1920
- Style
- Exterior
- Taxes 6682
- SEV 189500
- Zoning
- Parcel 57-300-131-00
- Lot Size 25X129
Features
''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 of
Hoffman 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.
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