12 Ctr St, Douglas, MI 49406-5110
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.
-
Center Stage Salon Hair Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.