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Property profile & analytics
OFF-MARKET Estimated value $675,000
Retail space

430 Ctr St Douglas, MI 49406-5130

4,920 SF 0.21 ac lot Built 2013
Entity Owned 2-yr Hold Free & Clear
Property ID
US43-2643005
Property summary
AI-generated overview

This exceptional commercial property, located at 430 W Center Street in Douglas, Michigan, presents a unique investment opportunity. Situated along the main route to Oval Beach, a highly popular local attraction, this property boasts a prime location with high visibility and consistent foot traffic throughout the year. The main building features a 1,500 square foot retail space, perfectly suited for a variety of businesses, benefiting from the tens of thousands of annual visitors passing by. Above the retail space is a spacious 918 square foot apartment, complete with one bedroom and one bathroom, offering significant income potential through rental or use as a live/work space. Adding to the property's versatility is a large 34x34 foot attached garage/storage area, ideal for inventory, equipment, or even boat storage. The property sits on a 0.21-acre lot and is offered at an asking price of $799,000. This versatile property combines retail space, residential living, and ample storage, making it an attractive investment for those seeking a high-traffic location and multiple income streams. The property is also listed as a residential sale under MLS 24051544. This is a rare opportunity to acquire a well-positioned commercial property in a thriving Michigan community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2013
Total area 4,920 SF
Lot 0.21 ac (9,104 SF)
APN 59-650-002-12
UPID US43-2643005
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$785k
Comparable Approach Comparable
$510k
Blend (final) Blend
$675k
Owner & transaction history
Gjs Investment Group LLC · 2 yrs held
Gjs Investment Group LLC
since 2023
3 recorded transactions
2023
Price N/A
2018
$500,000
2013
$1,300
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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