Investment opportunity. Earn over 8% annual return on this purchase with tenant in place. Current retail store will lease back at $3K/month for a minimum of 3 years. Excellent location in downtown Saugatuck in a newer building that has been well maintained. Here is your opportunity to buy into commercial real estate with a successful tenant. This is a retail condominium unit in a high exposure building. Taxes and common area expenses to be $8K annually. Net operating income of $28K. No sign in window.
- Price:
- $350,000
- Full Baths:
- 1
- Acreage:
- 0.10
- Year Built:
- 2001
- Listing ID #:
- 22035059
- Street Address:
- 201 Culver St Unit 2
- City:
- Saugatuck
- State:
- Michigan
- Postal Code:
- 49453
- County:
- Allegan
- Community:
- Holland/Saugatuck - H
- Subarea:
- Holland/Saugatuck - H
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: Saugatuck-Douglas
- Features:
- Barrier Free
- Number Of Units:
- 6
- Total # Of Buildings:
- 1
- Type Of Roof:
- Rubber
- Year Built:
- 2001
- Business Type:
- Retail
- Documents On Hand:
- Lead Based Paint
- Lot Square Footage:
- 4356
- Zoning Description:
- Central Bus Dis
- Included In Sale:
- { Other: True }
- On Market Date:
- 2022-08-15
- Originating Mls:
- Michigan Regional Information Center (michric)
- Terms:
- Cash
- Cross Street:
- Butler St & Water St
- Property Taxes:
- $7,281
- Tax Year:
- 2022
- Cooling System:
- Central Air
- Existing Water:
- Public
- Has Central Air Conditioning:
- Yes
- Heating:
- Natural Gas, Forced Air
- Utilities:
- Cable Connected, Public Water, Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Rob P Joon of Jaqua Realtors
