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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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118 Hoffman St , Saugatuck, MI 49453
$1,695,000
Est. Payment: $3,766.67/mo
0 Bed
5 Bath
3450 Sqft
Status: Active | Days on site: 56
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House Description

An exceptional opportunity to own one of Downtown Saugatuck's landmark mixed-use properties on picturesque, tree-lined Hoffman Street. Beautifully renovated while preserving its timeless character, this impressive investment features three residential rental units above a stunning street-level restaurant, bar, and lounge that has been thoughtfully redesigned with today's clientele in mind. Perfectly positioned just steps from Saugatuck's renowned shops, galleries, waterfront, and dining, the property offers an ideal blend of historic charm and modern updates in one of West Michigan's most sought-after destinations. Multiple income streams provide outstanding investment potential, while the upper-level covered porch offers a remarkable setting to relax and take in views of the vibrant downtown and glimpses of the Kalamazoo River. Whether expanding your investment portfolio, seeking a premier mixed-use asset, or envisioning an owner-occupied opportunity with income-producing units. This is a rare chance to own a signature property in the heart of Saugatuck.

Highlights

Listed by Jeff West , 269-416-0805 and Andrea L Crossman , 616-218-0267 Coldwell Banker Woodland Schmidt , 616-396-5221.

Property Type

Commercial Sale

Lot/Acreage
0.06

Year Built

1900

County

Allegan

School District

Saugatuck-Douglas

Listing ID

26038099

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:5
  • Full Bathrooms:5
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:River
Roof:Metal,Rubber
Principal Interest
$3,767
Taxes
$1,445

Home Price

$1,695,000

Loan Details

30 yrs
%

Down Payment

20%
$339,000
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Monthly Price:
$3,766.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,766.67 $1,445.00 $0.00 $5,211.67
Yearly $45,200.00 $17,340.00 $0.00 $62,540.00
Total $1,356,000.00 $520,200.00 $0.00 $1,876,200.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Saugatuck, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.