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Property profile & analytics
OFF-MARKET Estimated value $1,045,000
Grocery and convenience stores

310 Blue Star Hwy Douglas, MI 49406-5139

8,615 SF 1.13 ac lot
Entity Owned Free & Clear
Property ID
US43-2607157
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Total area 8,615 SF
Lot 1.13 ac (49,223 SF)
APN 59-017-089-50
UPID US43-2607157
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
  • Isabel's Market + Eatery Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.38M
Comparable Approach Comparable
$776k
Blend (final) Blend
$1.05M
Owner & transaction history
Gc Heritage LLC
Gc Heritage LLC
since 2026
7 recorded transactions
2026
Price N/A
2026
Price N/A
2024
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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