Property Summary:

Located at 118 Hoffman Street in downtown Saugatuck, this completely renovated mixed-use property blends historic character with brand-new finishes and modern systems. Originally built circa 1920 and taken down to the studs in 2025-26, the building now features new floor boards, electrical, HVAC, and plumbing, along with a roof installed in 2021. The property includes a street-level commercial suite with basement storage and three finished residential apartments, creating a versatile income-producing opportunity in one of West Michigan’s most desirable lakeshore markets.

Situated in a highly walkable downtown setting near shops, dining, galleries, and the waterfront, the property benefits from strong pedestrian traffic and consistent demand from both commercial and residential users. The residential units may also be used as short-term rentals, adding flexibility for an owner seeking to maximize return in a market supported by seasonal tourism and year-round appeal. With municipal utilities, downtown exposure, and a brand-new interior throughout, this property is well suited for investors looking for stability, adaptability, and long-term value.

Rental Units:

• Main floor commercial suite: Approximately 762 sq. ft. of street-level retail space plus about 300 sq. ft. of patio and basement storage; currently leased for $3,000 per month on a new 3-year lease.
• Studio apartment: 450 sq. ft.; completely renovated and currently rented for $1,700 per month.
• One-bedroom apartment: 750 sq. ft.; completely renovated and currently rented for $1,500 per month.
• Two-bedroom apartment: 1,400 sq. ft.; completely renovated and currently rented for $2,500 per month.