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    OFF-MARKET
    Retail space

    12 Ctr St, Douglas, MI 49406-5110

    1,230 SF 0.03 ac lot
    Entity Owned 10-yr Hold Free & Clear
    Property ID
    US43-5196605
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Center Stage Salon Hair Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Retrogetaway INC · 10 yrs held
    Retrogetaway INC
    since 2015
    4 recorded transactions
    2015
    2015
    2009
    2007
    $275,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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