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118 Hoffman Street, Saugatuck, MI 49453

TZ
6501453222
Equity Group of Michigan
Listed by Equity Group of Michigan
$1,699,000
0 days on market
Updated 0 days ago

118 Hoffman Street

Details
APN 57-300-105-00
Property Type Retail, Multifamily (+1)
Sub Type Apartment Building, Restaurant (+1)
Square Footage 3,176
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 5%
Pro-Forma NOI $85,000
Year Built 1925
Year Renovated 2026
Buildings 1
Lot Size (SqFt) 2,701
Zoning C-2
Ground Lease No
Sale Condition N/A

Completely renovated mixed-use building in the heart of a tourist town

Marketing description

Completely renovated mixed-use building in the heart of Saugatuck, 118 Hoffman Street offers a street-level commercial suite and three beautifully finished residential apartments, all taken down to the studs and rebuilt in 2026. Originally constructed circa 1920 and now brand new after renovation, the building features new floor boards, electrical, HVAC, plumbing, and a new roof installed in 2021, combining historic character with a clean, modern finish and flexible income-producing use. The residential apartments may also be utilized as short-term rentals, providing additional income flexibility in a market that benefits from strong tourist traffic and seasonal visitation. Located in downtown Saugatuck, the property enjoys excellent walkability, steady pedestrian activity, and close proximity to shops, dining, galleries, and the waterfront, all of which support long-term tenant demand and strong investment appeal.

Investment highlights

Fully renovated mixed-use building combining downtown Saugatuck visibility with modern systems, new residential finishes, and flexible income-producing space.

    • Fully renovated mixed-use building in the heart of Saugatuck.
    • Brand new after renovation, including new floor boards, electrical, HVAC, and plumbing throughout the entire building.
    • Street-level commercial suite with downtown exposure and all municipal utilities.
    • Three residential apartments provide diversified income, including studio, one-bedroom, and two-bedroom layouts.
    • Strong lakeshore market location near the Saugatuck/Douglas corridor supports both commercial and residential demand.
    • Ideal for long-term tenants and flexible mixed-use investment strategies.

Listing Contacts

TZ
6501453222
Equity Group of Michigan
Listed by Equity Group of Michigan

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Additional Information

Name
Rob Anderson
License
MI 6502431279
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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