246 Culver Street, Saugatuck, MI 49453

$1,680,000
Property Type: Commercial Sale Square Footage: 10,362 Lot Size (sq. ft.): 7,797 Status: Sold
Current Price: $1,795,000 List Date: 4/21/2023 Last Modified: 6/05/2023

Overview

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.

Listing Details MLS# 23012165

Location Property Info

County
Allegan
Street #
246
Street Name
Culver
Suffix
Street
State
MI
Zip Code
49453

General Property Info

New Construction
No
Lot Measurement
Acres
Lot Acres
0.18
Lot Square Footage
7797
Lot Dimensions
65 x 120
Year Built
1905
Road Frontage
185
Total # Units
5
# Fin Bldg Lvls
2
Total # Bldgs
Yes
Total SqFt
10362
Full Baths
3
Waterfront
No
School District
Saugatuck-Douglas

Tax Info

Tax ID #
57-300-192-00
Taxable Value
565877
SEV
744000
For Tax Year
2023
Seller's Annual Property Tax
35974.57
Tax Year
2022
Non-Conforming Use
No
Zoning
C1 -City Center
Homestead %
0
Spec Assessment & Type
No

Remarks Misc

Directions
Blue Star to Lake, turns into Culver. Corner Culver and Griffith

Status Change Info

Under Contract Date
2023-04-26
Sold Date
2023-05-31
Sold Price/SqFt
162.13

More Information

Location & Property Info

Cross Streets
Culver and Griffith
Property Sub-Type
Retail
Area
Holland/Saugatuck - H
Municipality
Saugatuck City

Office/Contract Info

Auction or For Sale
For Sale
List Price/SqFt
173.23
Prop Avail for Lease?
No

Remarks & Misc

Legal
LOT 186 EX W 2 FT ALSO EX N 12 FT ALSO THE N 12 FT OF THE E 65 FT OF LOT 186 KALAMAZOO

Street Type

Public
Yes

Property Use

Vacant/Owner-User
Yes

Utilities Attached

Cable Connected
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Phone Connected
Yes

Sewer

Public Sewer
Yes

Water

Public Water
Yes

Uses

Bar/Tavern/Lounge
Yes
Professional Service
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes
Other
Yes

Construction Type

Block
Yes
Frame/Wood
Yes

Exterior Material

Block
Yes
Wood Siding
Yes

Roofing

Rubber
Yes

Heat Source

Natural Gas
Yes

Sale Conditions

None
Yes

Ownership

LLC
Yes

Below Grade

None
Yes

Heat Type

Forced Air
Yes

Air Conditioning

Central Air
Yes

Business Includes

Real Estate
Yes

Additional Features

Bath Common Area
Yes
Fire Sprinkler
Yes
Multi User Facility
Yes

Foundation

Slab
Yes

Util Avail at St

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

Purchase Terms Avail

Cash
Yes
Conventional
Yes

Possession

Close Of Escrow
Yes

Property Features

Property Use: Vacant/Owner-User Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail; Other Ownership: LLC Business Includes: Real Estate Construction Type: Block; Frame/Wood Exterior Material: Block; Wood Siding Roofing: Rubber Foundation: Slab Below Grade: None Additional Features: Bath Common Area; Fire Sprinkler; Multi User Facility Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone 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 Street Type: Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Possession: Close Of Escrow

Documents

Listing Office: Coldwell Banker Woodland Schmidt Saugatuck
Listing Agent: Nico Leo
IDX
Last Updated: June - 05 - 2023
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.