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    430 Center St Douglas, MI 49406

    Sponsored
    For Sale
    $799,000

    Prime Retail Space w/ Apartment & Garage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional commercial property, located at 430 W Center Street in Douglas, Michigan, presents a unique investment opportunity. Situated along the main route to Oval Beach, a highly popular local attraction, this property boasts a prime location with high visibility and consistent foot traffic throughout the year. The main building features a 1,500 square foot retail space, perfectly suited for a variety of businesses, benefiting from the tens of thousands of annual visitors passing by. Above the retail space is a spacious 918 square foot apartment, complete with one bedroom and one bathroom, offering significant income potential through rental or use as a live/work space. Adding to the property's versatility is a large 34x34 foot attached garage/storage area, ideal for inventory, equipment, or even boat storage. The property sits on a 0.21-acre lot and is offered at an asking price of $799,000. This versatile property combines retail space, residential living, and ample storage, making it an attractive investment for those seeking a high-traffic location and multiple income streams. The property is also listed as a residential sale under MLS 24051544. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Michigan community.

    Property Features for 430 Center St

    General Information

    Property type
    Land
    Lot Size
    9,148 SF

    HighLights

    • Prime Douglas, MI location on main route to Oval Beach, ensuring high visibility and foot traffic.
    • 1,500 sq ft retail space ideal for various businesses.
    • 918 sq ft, 1 bed/1 bath apartment above retail, offering rental income potential.
    • Large 34x34 ft attached garage/storage area.
    • 0.21‑acre lot, listed at $799,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Dental Office Building Supply Restaurant Spa & Massage Wholesale Shop Realty agency Hair Salon Gym & Fitness Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Allegan
    State
    Michigan
    Longitude
    -86.2111429
    Latitude
    42.6438613

    Nearby Comparable

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    Nearby Similar for Sale

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      Luxury Home in Saugatuck-Douglas

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    FAQs

    What type of property is this?
    Land - Prime Retail Space w/ Apartment & Garage
    Where is this land located?
    The property is located at 430 Center St Douglas, MI.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime Douglas, MI location on main route to Oval Beach, ensuring high visibility and foot traffic.; 1,500 sq ft retail space ideal for various businesses.; 918 sq ft, 1 bed/1 bath apartment above retail, offering rental income potential.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    430 Center St Douglas, MI 49406
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