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Key Details
Sold Price $1,680,000
Property Type Commercial
Sub Type Retail/Commercial
Listing Status Sold
Purchase Type For Sale
Municipality Saugatuck City
MLS Listing ID 23012165
Sold Date 05/31/23
Full Baths 3
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1905
Annual Tax Amount $35,974
Tax Year 2023
Lot Size 7,797 Sqft
Acres 0.18
Property Description
Iconic 1905 Reeds Livery Building in a prime Saugatuck location with beautiful water views. The building is the location of the former Toulouse Restaurant (4,707 sf) along with 2 retail spaces (approx. 1,000 sf each), courtyard, 4-bedroom apartment (2,124sf). The additional office and storage space on the second floor (1,500sf) could be turned into another apartment. Great investment opportunity well below market rate. The building could be split into condo units if buyer desires.
Location
State MI
County Allegan
Area Holland/Saugatuck - H
Direction Blue Star to Lake, turns into Culver. Corner Culver and Griffith
Interior
Cooling Central Air
Fireplaces Number 1
Exterior
Utilities Available Telephone, Cable Connected, Public Water, Public Sewer, Broadband, Natural Gas Connected, Electricity Available, Natural Gas Available
Waterfront No
View Y/N No
Roof Type Rubber
Building
Building Description Block, Wood Siding, Bath Common Area, Fire Sprinkler, Multi User Facility
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Block, Wood Siding
New Construction No
Schools
School District Saugatuck-Douglas
Others
Tax ID 57-300-192-00
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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