310 Blue Star Hwy Douglas, MI 49406-5139
This exceptional 9,032 square foot industrial property, situated on a 1.13-acre lot in the desirable Saugatuck/Douglas resort community, presents a compelling investment opportunity. The building boasts a recently renovated ground floor (2019) encompassing 7,146 square feet of commercial space currently thriving as Isabel's Market + Eatery. This established business includes a specialty market, deli, bakery, and an event center, providing immediate income potential. The property's strategic location offers high visibility and accessibility, benefiting from its proximity to Saugatuck's bustling downtown area. Adding to its versatility, the property includes two additional rental units located upstairs, generating further revenue streams. Ample parking is provided with 65 on-site spaces, catering to both the business and residential tenants. The expansive outdoor seating area complements the existing commercial space, enhancing its appeal and functionality. This property's combination of established commercial operations, rental income, and prime location makes it an ideal investment for discerning buyers seeking a diverse and profitable venture in a thriving resort community. The property's size and features offer significant potential for future expansion or adaptation to suit a variety of commercial uses.
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Isabel's Market + Eatery Grocery & Convenience Store Food Market
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.