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Financial
Distress signals
Property profile

98 W Center St Douglas, MI 49406

FOR SALE
Retail space
Property ID
US43-2675343
3,032 SF 0.2 ac lot Built 1900
Last sale Jan 2025 · $880,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A three-story mixed-use building located in downtown Douglas, originally built in 1900, with a commercial ground/main level and residential upper levels. The structure was relocated onto a new foundation in 2002 and underwent a remodel in 2025. The main level currently provides two retail units and has a flexible interior layout that can be reconfigured to support one to three commercial spaces. The residential component includes three apartments that were approved for short-term or long-term…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2024$179k
Assessed land$46k
Assessed improvement$134k

Value estimate

· Oct 2026
$935k
$842k – $1.03M
AI approach$960k
Submarket $/SF estimate$632k
NOI build-up
Gross scheduled income$70k
Vacancy & credit loss−$3k
Operating expenses−$20k
NOI · 3.17% cap applied$47k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220
Qualifying comparables3

Cap rate analysis

How does the asset earn?
3.17%
$47k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.7
Watch Repair Shop8.6
Bakery8.4

Location

98 W Center St Douglas, MI 49406
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 9 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
150 Ctr, Douglas, MI 49406-5155 $255,110 Feb 2024 1,617 SF
155 Blue Star, Douglas, MI 49406-5139 $150,000 Apr 2023 2,785 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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