405 Park Street, Saugatuck, MI 49453 (MLS# 20041661)

405 Park Street, Saugatuck, MI 49453

$1,680,000

Virtual Tour

https://www.propertypanorama.com/instaview/wmlar/20041661

Property Type: Commercial Sale Square Footage: 5,700 Lot Size (sq. ft.): 30,492 Status: Sold

Current Price: $1,680,000 List Date: 10/05/2020 Last Modified: 11/25/2022

Overview

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.

Listing Details MLS# 20041661

Location Property Info

County: Allegan
Street #: 405
Street Name: Park
Suffix: Street
State: MI
Zip Code: 49453

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: Yes
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
Seller's Annual Property Tax: 13088
Tax Year: 2019
Spec Assessment & Type: None known
Homestead %: 0

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/SqFt: 294.74

More Information

Additional Details

# Loading Docks/Well: 14

Waterfront Options

Water Access Y/N: Yes
Water Frontage: 300

Location & Property Info

Cross Streets: Vine & Bliss
Property Sub-Type: Business Opportunity
Area: Holland/Saugatuck - H
Municipality: Saugatuck City

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 324.56
Prop Avail for Lease?: No

Remarks & Misc

Legal: LOT 25 EX COM AT THE MOST N'LY COR OF LOT 1 OF OAK KNOLLS PLAT

Water Type

Lake: Yes
River: Yes

Water Fea. Amenities

All Sports: Yes
Dock: Yes
Private Frontage: Yes
View: Yes

Street Type

Paved: Yes
Public: Yes

Property Use

Business: Yes

Utilities Attached

Electricity Connected: Yes
Natural Gas Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Bar/Tavern/Lounge: Yes
Professional Service: Yes
Professional/Office: Yes
Recreation: Yes
Restaurant: Yes
Other: Yes

Construction Type

Frame/Wood: Yes

Exterior Material

Wood Siding: Yes

Roofing

Composition: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Ownership

Other: Yes

Below Grade

Walk-Out Access: Yes

Heat Type

Forced Air: Yes

Air Conditioning

Central Air: Yes

Business Includes

Real Estate: Yes

Util Avail at St

Cable Available: Yes
Electricity Available: Yes
High Speed Internet: Yes
Natural Gas Available: Yes
Phone Available: Yes

Driveway

Unpaved: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

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: Cable Available; Electricity Available; High Speed Internet; 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 ›

Property Survey ›

Listing Office: Coldwell Banker Woodland Schmidt Saugatuck

Listing Agent: Nico Leo

Last Updated: November - 25 - 2022

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