405 Park Street, Saugatuck, MI 49453 (MLS# 20041661)
405 Park Street, Saugatuck, MI 49453
$1,680,000
Property Type:
Commercial Sale
Square Footage:
5,700
Lot Size (sq. ft.):
30,492
Status:
Sold
Current Price:
$1,850,000
List Date:
10/05/2020
Last Modified:
11/25/2022
Description
REDEVELOPMENT OPPORTUNITY. 300 feet of Prime Saugatuck Waterfront property zoned for a hotel, condominiums, resort, apartments, restaurant, marina (14 slips) 3 single family waterfront homes, etc. Property is located at the transition between Lake Kalamazoo and the Kalamazoo River directly across from Downtown Saugatuck and only steps from the Chain Ferry. This .7 acre site offers stunning 180-degree views of the river and town. Agent Only Remarks: Property being sold in 'AS IS' condition, value is in the land.
More Information MLS# 20041661
Location Property Info
County: Allegan
Street #: 405
Street Name: Park
Suffix: Street
State: MI
Zip Code: 49453
Area: Holland/Saugatuck - H
OfficeContract Info
Status: Sold
Current Price: $1,680,000
List Price: $1,850,000
Listing Date: 2020-10-05
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.7
Lot Square Footage: 30492
Lot Dimensions: 302 x irregular
Year Built: 2020
Road Frontage: 302
Total # Units: 8
# Fin Bldg Lvls: 3
Total # Bldgs: 1
Total SqFt: 5700
Full Baths: 7
Waterfront: Yes
Body of Water: Kalamazoo River
School District: Saugatuck-Douglas
Tax Info
Tax ID #: 5755002500
Taxable Value: 228332
SEV: 575400
For Tax Year: 2019
Annual Property Tax: 13088
Tax Year: 2019
Spec Assessment & Type: None known
Remarks Misc
Directions: Blue Star Hwy. to Center St. west to Ferry, north to Park St. to address. (Ferry merges to Park St.)
Status Change Info
Under Contract Date: 2021-03-20
Sold Date: 2021-05-11
Sold Price: $1,680,000
Sold Price/SqFt: 294.74
Additional Details
# Loading Docks/Well: 14
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 300
Property Features
Property Use: Business
Water Type: Lake; River
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Recreation; Restaurant; Other
Ownership: Other
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Wood Siding
Roofing: Composition
Below Grade: Walk-Out Access
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Broadband; Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Unpaved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow
Documents
Survey ›Listing Office: Coldwell Banker Woodland Schmidt Saugatuck
Listing Agent: Nico Leo
Last Updated: November - 25 - 2022
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