Building Details

Year Built 1983

Listing Agency: Advantage Commercial Real Estate

Listed By: Cody Smith · License #6501443789 Show Phone

Source: Carwm.resimplifi

Added: Sep 16 Changed: Oct 13 Last Checked: Oct 13 at 2:29AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Advantage Commercial Real Estate

Investment Insights

Based on property information with market context.

This retail property contains 2,352 square feet on a 0.94-acre parcel and was built in 1983. The building has an existing drive-through configuration, on-site parking, and both monument and building signage. C-2 zoning is in place.

The property is located at 435 Blue Star Hwy in Douglas, Michigan, along Blue Star Highway. The site has access from the highway and signage at both the building and monument level.

Key Highlights

• 2,352‑square‑foot retail building on a 0.94‑acre parcel
• Existing drive‑through configuration
• C‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,416

Cap Rate

4.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$488,320 $488.3K

Cap Rate 7%

$348,800 $348.8K

Cap Rate 9%

$271,289 $271.3K

Market Conditions

NOI Build-Up for 2,352 SF

Gross rent

$36.4K $15.48/SF

− Vacancy

−$1.5K −$0.65/SF

EGI

$34.9K $14.83/SF

− OpEx

−$10.5K −$4.45/SF

NOI

$24.4K $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 Rate 5%

$488,320

Cap Rate 7%

$348,800

Cap Rate 9%

$271,289

Alternative Uses

Best Use

Retail

$348.8K

$305.2K – $406.9K (±1% cap)

NOI $24,416 @ 7.0% cap · market cap 4.65%

Second Best

—

—

no second resolved use

Theoretical Best

Hotel Hospitality

$22.09M

$19.33M – $25.77M (±1% cap)

NOI $1,546,140 @ 7.0% cap · market cap 294.50%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Green Koi - Recreational ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Carpet & Flooring Store Kitchen & Bath Showroom Dental Office (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

282

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 0.5 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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - A freestanding retail property offers on-site parking, signage, and C-2 zoning on a nearly one-acre parcel.

Where is this retail space located?

The property is located at 435 Blue Star Hwy Douglas, MI.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 2,352‑square‑foot retail building on a 0.94‑acre parcel; Existing drive‑through configuration; C‑2 zoning