Leased Office
2914 Blue Star Highway, Douglas, MI 49406
For Sale
$549,500
Pending
Commercial Sale, Douglas, MI
Property Size2,812 SF
Lot Size0.65 Acres
Days on Market50
Property Features for 2914 Blue Star Highway
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking
Interior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Saugatuck-Douglas · RE/MAX International
(269) 857-2191
Listed By:
Richard P Waskin
(616) 218-3191
Added: Sep 21
Changed: Oct 30
Last Checked: Nov 9 at 8:06AM
MLS# 26050202
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.
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Investment Insights
Based on property information with market context.
This 2,812-square-foot office building in Douglas was constructed in 1995 and is currently fully leased. The property is arranged as two units with separately metered electric service. Unit A includes a kitchen and 2.5 bathrooms, while Unit B offers a wet bar and coffee station, one-half bathroom, and a recent interior remodel. A rear storage building is included, along with baseboard and forced-air heating, central air conditioning, broadband, wood siding, and a composition roof.
The property is positioned at the entrance to town along Blue Star Highway. An adjacent parking easement measuring 30 feet by 290 feet provides additional parking area. Current lease terms include a two-year real estate office lease and a one-year photography studio lease that is negotiable.
The property is positioned at the entrance to town along Blue Star Highway. An adjacent parking easement measuring 30 feet by 290 feet provides additional parking area. Current lease terms include a two-year real estate office lease and a one-year photography studio lease that is negotiable.
Key Highlights
- 2,812 SF office building on 0.65 acres
- Fully leased with a two‑year real estate office lease
- Separate electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,978
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,560
$619.6K
Cap Rate 7%
$442,543
$442.5K
Cap Rate 9%
$344,200
$344.2K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$47.9K $17.04/SF
− Vacancy
−$6.6K −$2.35/SF
EGI
$41.3K $14.69/SF
− OpEx
−$10.3K −$3.67/SF
NOI
$31.0K $11.02/SF
Area
Allegan County, MI
Vacancy
13.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$619,560
Cap Rate 7%
$442,543
Cap Rate 9%
$344,200
Alternative Uses
Best Use
Office B
$442.5K
$387.2K – $516.3K
NOI $30,978 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.7K
$517.8K – $690.3K
NOI $41,420 @ 7.0% cap · market cap 7.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two office units feature separate electric meters, dedicated wet-bar service, and flexible interior amenities.
Where is this office building located?
The property is located at 2914 Blue Star Highway Douglas, MI.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: 2,812 SF office building on 0.65 acres; Fully leased with a two‑year real estate office lease; Separate electric meters for each unit
