430 Ctr St Douglas, MI 49406-5130
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.
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.