Retail Building with
New
For Sale
$265,000
Pending
11 N Washington Street, Douglas, MI 49406
COMMERCIAL - Douglas, MI
Property Size832 SF
Lot Size0.13 Acres
Days on Market1
Property Features for 11 N Washington Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
C-1A VILL CTR C
Interior features
Broadband
Elementary school district
Saugatuck-Douglas
Middle school district
Saugatuck-Douglas
High school district
Saugatuck-Douglas
Directions
From Center Street take Washington North to address.
Standard status
Pending
APN
59-100-009-50
Size
832 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
N 50.93' OF LOT 9 DOUGLAS PLAT ALSO THE S 1/2 OF THE PUBLIC ALLEY LOCATED BETWEEN CENTER ST & WALL ST FROM THE E LIN OF
Tax Annual Amount
2915
Legal Description
N 50.93' OF LOT 9 DOUGLAS PLAT ALSO THE S 1/2 OF THE PUBLIC ALLEY LOCATED BETWEEN CENTER ST & WALL ST FROM THE E LIN OF
Utilities
Utilities
Cable Available
Building Details
Year built
1975
Number of units
1
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
CENTURY 21 Affiliated
(269) 857-2121
Listed By:
William Edward Underdown · License #6501358356
(313) 824-2000
Added: Aug 12
Last Checked: Aug 12 at 6:06PM
MLS# 26042297
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail property at 11 N Washington Street provides 832 square feet of commercial space on a 0.13-acre parcel. Built in 1975, the building has vinyl siding and a composition roof, with broadband listed among its interior features.
The property is located in Douglas, Michigan, within Allegan County, and carries a 49406 postal designation. Cable is available at the property, adding another documented communications utility for prospective commercial users.
The property is located in Douglas, Michigan, within Allegan County, and carries a 49406 postal designation. Cable is available at the property, adding another documented communications utility for prospective commercial users.
Key Highlights
- 832 SF retail property on a 0.13‑acre parcel
- Located at 11 N Washington Street, Douglas, MI 49406
- Built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$8,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,740
$172.7K
Cap Rate 7%
$123,386
$123.4K
Cap Rate 9%
$95,967
$96.0K
Market Conditions
NOI Build-Up for 832 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$12.9K $15.48/SF
− Vacancy
−$541 −$0.65/SF
EGI
$12.3K $14.83/SF
− OpEx
−$3.7K −$4.45/SF
NOI
$8.6K $10.38/SF
Area
Allegan County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$172,740
Cap Rate 7%
$123,386
Cap Rate 9%
$95,967
Alternative Uses
Best Use
Retail
$123.4K
$108.0K – $144.0K
NOI $8,637 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$7.81M
$6.84M – $9.12M
NOI $546,934 @ 7.0% cap · market cap 206.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 56%
Shops & Services 44%
Supervalu
Groceries
7,368 visits/mo
0.4 miles
Huntington Bank
Shops & Services
2,956 visits/mo
0.4 miles
Shell
Shops & Services
2,776 visits/mo
0.4 miles
Demographics for 49406, MI
1,031
Population
921
Households
1.1
Avg Household Size
60
Median Age
66%
College-Educated
99%
High-School Grad
1.5 sq mi
ZIP Area
687
Density / Sq Mi
$95,417
Median Household Income
$78,333
Median Earnings
$470,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Compact commercial space with broadband access, cable availability, vinyl siding, and a composition roof.
Where is this retail space located?
The property is located at 11 N Washington Street Douglas, MI.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 832 SF retail property on a 0.13‑acre parcel; Located at 11 N Washington Street, Douglas, MI 49406; Built in 1975
