Property summary
This exceptional restaurant opportunity is located at 12 W Center Street, Suite 3, in the charming city of Douglas, Michigan. The property boasts 1,230 square feet of space, situated on a 0.028-acre lot (APN: 0359-530-003-00). Built in 1998, this single-building property is currently configured as a salon, but its versatile layout presents significant potential for a variety of restaurant concepts. The asking price is $400,000, translating to $325.20 per square foot. The building features attractive large windows, maximizing natural light and providing excellent street visibility. A rare find in this area, the property also includes a finished basement, adding valuable extra space. The location is ideal, surrounded by three thriving restaurants, galleries, and retail stores, and just blocks from two parks and access to the Kalamazoo River. This prime downtown location offers high foot traffic and visibility, making it an excellent investment opportunity for a discerning restaurateur. The property consists of three units within a single building. This turnkey opportunity is ready for immediate occupancy.
Property profile
VerifiedCap rate & NOI
Current use
-
Hair Salon
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.