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118 Hoffman St
Saugatuck, MI 49453
Retail Property For Sale
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,136 SF
Building Class
C
Year Built/Renovated
1925/2026
Price
$1,699,000
Price Per SF
$541.77
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.07 AC
Zoning
COMM - Commercial
Frontage
43’ on Hoffman Street
Amenities
- Signage
Property Taxes
| Parcel Number | 57-300-105-00 | Improvements Assessment | $213,500 |
| Land Assessment | $50,900 | Total Assessment | $264,400 |
Property Taxes
Parcel Number
57-300-105-00
Land Assessment
$50,900
Improvements Assessment
$213,500
Total Assessment
$264,400
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