Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Overlooking Douglas Marina Title is generated by Realmo AI

    Washington Street, Douglas, MI 49406

    View on Map
    Claim this Listing
    Pending
    $375,000

    LAND - Douglas, MI

    Lot size:
    0.20 Acres
    Added:
    Jul 24, 2025
    Days on Market:
    313
    Last Refresh:
    Jun 1 at 6:06 pm

    Property Features for Washington Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Parcel 1.1: Part of Lots 24-25 of The Gerber Plat. See attached documents for full description.

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Nico Leo

    Listing agent Nico Leo License #6506047375

    Listing office Coldwell Banker Woodland Schmidt Saugatuck 2987 Blue Star Hwy PO Box 2717, Grand Haven, MI

    Listing date Jul 24, 2025

    MLS# 25037018 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

    • Direct water views overlooking the Douglas Marina and Kalamazoo River Bayou.
    • Conveniently located directly across the street from boat docking facilities.
    • Walking distance to downtown Douglas, The Red Dock, and the City of Saugatuck.
    • Oversized parcel suitable for building a single‑family home.
    • Ideal for use as a vacation home or short‑term rental property.
    • Natural gas available.

    Overview

    This oversized parcel, with a lot size of 0.2 acres, offers views of the new Douglas Marina and the Kalamazoo River Bayou. The land presents an opportunity for constructing a single-family home, vacation home, or short-term rental. Its location provides water views and proximity to docking facilities across the street, as well as walking distance to downtown Douglas, The Red Dock, and the City of Saugatuck. The property is located on Washington Street in Douglas, Michigan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Douglas
    County
    Allegan
    State
    Michigan
    Longitude
    -86.198862
    Latitude
    42.646926

    Nearby Similar for Sale

    • $1,200,000
      2,070 SF

      Retail Space in Douglas, MI

      High-traffic retail space available off I-196 in Douglas, MI.
      2918 Blue Star Highway, Douglas, MI 49406
      View Details
    • $1,490,000
      4,548 SF

      Mixed-Use Building in Downtown Douglas

      Three-story commercial/residential building with income potential in downtown Douglas.
      98 W Center Street, Douglas, MI 49406
      View Details
    • $450,000

      Land in Douglas Prime Location

      Two combined parcels totaling 1.2 acres in Douglas, Michigan.
      387 &AMP 389 W FREMONT STREET, DOUGLAS, MI 49406
      View Details
    • $1,100,000
      3,090 SF

      Historic Farmhouse with Guest Cottages

      Remodeled farmhouse with cottages, ideal for short-term rentals.
      300 N Ferry Street, Douglas, MI 49406
      View Details
    • $1,125,000

      Enchanting Gardens Near Lake Michigan

      Unique property blending luxury, privacy, nature, and investment potential.
      955 - 957 W Center Street, Douglas, MI 49406
      View Details
    • $239,000

      Land in Waterfront Community

      Half-acre lot with lake access near downtown Douglas and Saugatuck.
      289 Crest, Douglas, MI 49406
      View Details
    • $230,000

      Prime Commercial Land on Highway

      2.9-acre commercial parcel with highway frontage near Douglas and Saugatuck.
      2930 S Blue Star Highway, Douglas, MI 49406
      View Details
    • $375,000

      Land Overlooking Douglas Marina

      Oversized parcel with water views near downtown Douglas.
      WASHINGTON STREET, DOUGLAS, MI 49406
      View Details
    • $205,000

      Land Near Lake Michigan Access

      Land parcel near Douglas Beach and downtown Douglas.
      6912 3rd Street, Douglas, MI 49406
      View Details
    • $350,000

      Land Near Lake Michigan

      3+ acre parcel near Lake Michigan, ideal for custom home.
      Wiley Road, Douglas, MI 49406
      View Details
    • $1,100,000

      High-Traffic Location Near Freeway Exit

      Commercial property on high-traffic corridor near I-196 exit.
      2918 Blue Star Hwy, Douglas, MI 49406
      View Details
    • $1,490,000

      Downtown Douglas Mixed-Use Building

      Remodeled mixed-use building with commercial and residential units.
      98 W Center St, Douglas, MI 49406
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Oversized parcel with water views near downtown Douglas and Saugatuck.
    Where is this residential land & home lot located?
    The property is located at Washington Street Douglas, MI.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Direct water views overlooking the Douglas Marina and Kalamazoo River Bayou.; Conveniently located directly across the street from boat docking facilities.; Walking distance to downtown Douglas, The Red Dock, and the City of Saugatuck.
    (810) 602-0564
    We can help!
    Listing Contact
    Nico Leo
    Real Estate License ID: 6506047375
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Washington Street, Douglas, MI 49406
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!