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    Enchanting Gardens Near Lake Michigan Title is generated by Realmo AI

    955 - 957 W Center Street, Douglas, MI 49406

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    For Sale
    $1,125,000

    MULTI_FAMILY - Douglas, MI

    Lot size:
    0.35 Acres
    Added:
    May 19, 2026
    Days on Market:
    3
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for 955 - 957 W Center Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4
    Parking
    6
    Parking features
    Driveway
    Basement
    Crawl Space, Partial
    Standard status
    Active
    APN
    59-210-001-01
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    LOTS 1-4 FELKER'S LAKE SHORE SUBDV SEC 17 T3N R16W TAX MAP: 0.35 AC (2023). SPLIT/COMBINED ON 08/09/2022 FROM 59-210-001-00;
    Tax Annual Amount
    22072

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1960
    Number of units
    2
    Building materials
    Wood Siding
    Roof type
    Composition

    We can help!

    Listing Contact
    Chauvon R Collins

    Listing agent Chauvon R Collins

    Listing office eXp Realty LLC 39555 Orchard Hill Pl, Ste 600, Novi, MI

    Listing date May 19, 2026

    MLS# 26023316 Listing URL

    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.

    HighLights

    • Prime location: Less than one block from Lake Michigan, near Douglas Beach, Oval Beach, Saugatuck Dunes State Park, and other attractions.
    • Dual Residence: Main house (3 bedrooms) and separate guest house (2 bedrooms) offer flexibility for living and income generation.
    • Strong Investment Potential: Proven vacation rental history with estimated annual income potential exceeding $70,000.
    • Lush Landscaped Gardens: Private, mature gardens create a relaxing and rejuvenating environment with wildlife views.
    • Recent Upgrades: Enjoy the new deck, hot tub, gazebo swings, fire pit, and fresh paint.
    • Gourmet Kitchens: Both residences feature gourmet kitchens with granite countertops and backyard views.

    Overview

    Located less than one block from the shores of Lake Michigan, this property, known as The Gardens, combines luxury, privacy, nature, and investment potential. Originally the historic Button Gallery, the property was transformed in 2005 into a private residence with a separate guest retreat. Currently operating as a part-time residence and part-time vacation rental, it offers possibilities such as living in one residence while generating income from the other, creating a multi-generational retreat, or continuing as an investment property. Surrounded by landscaped gardens, mature trees, and flowering bushes, the property includes a larger residence featuring three bedrooms, including a primary suite with ensuite bath, dual vanity, and custom tiled shower. The gourmet kitchen has granite countertops and backyard views. The open-concept living and dining area provides gathering spaces. The private guest residence, Lily, offers a separate patio and garden views, two bedrooms, a primary suite with ensuite bath and custom tiled shower, an open-concept living and dining area with gas fireplace, and a gourmet kitchen with granite countertops and views of the landscaped backyard. Recent upgrades include fresh exterior paint, a new deck, hot tub, custom gazebo swings, and fire pit at the larger residence, along with refreshed interior paint throughout the Lily guest residence. The property is located near Douglas Beach, Saugatuck Dunes State Park, Mount Baldhead, marinas, bike trails, farmers markets, dune rides, and wineries. The property has demonstrated vacation rental performance with income potential. The lot size is 0.35 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Pharmacy Skin Care Clinic Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Allegan
    State
    Michigan
    Longitude
    -86.224204
    Latitude
    42.643115

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    FAQs

    What type of property is this?
    Duplex - Unique property blending luxury, privacy, nature, and investment potential.
    Where is this duplex located?
    The property is located at 955 - 957 W Center Street Douglas, MI.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Prime location: Less than one block from Lake Michigan, near Douglas Beach, Oval Beach, Saugatuck Dunes State Park, and other attractions.; Dual Residence: Main house (3 bedrooms) and separate guest house (2 bedrooms) offer flexibility for living and income generation.; Strong Investment Potential: Proven vacation rental history with estimated annual income potential exceeding $70,000.
    (402) 704-7653
    We can help!
    Listing Contact
    Chauvon R Collins
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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