Property profile

12 Ctr St Douglas, MI 49406

OFF-MARKET
Retail space
Property ID
US43-5196605
1,230 SF 0.03 ac lot
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 1,230 SF
Lot 0.03 ac (1,220 SF)
APN 59-530-003-00
UPID US43-5196605

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon

Location

12 Ctr St Douglas, MI 49406-5110
Douglas metro Census 30802 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2015
4 recorded transactions
2015
Price N/A
2015
Price N/A
2009
Price N/A
2007
$275,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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