98 W Center St - Freestanding FOR SALE


Douglas, MI 49406
$1,499,000 USD
616-831-9900
98 W Center St, Douglas, MI for Sale
$1,499,000 USD
Freestanding - FOR SALE
1/8
null | 6.54% Cap Rate

98 W Center St
Douglas, MI 49406


OVERVIEW

Charming, fully renovated historic mixed-use building in the heart of downtown Douglas, 98 W Center Street offers two street-level commercial suites, three spacious residential apartments, on-site parking, and a rear garden patio. Originally built circa 1900 and comprehensively renovated in 2002 with a new foundation and updated systems, it combines classic character with modern functionality, including the ability to configure the main floor into up to three storefronts. The upper 2-bedroom and 1-bedroom units, along with a large, newly renovated 3-bedroom lower-level apartment, are ideal for long-term tenants or seasonal short-term rentals (Airbnb/VRBO), capturing the strong Douglas/Saugatuck lakeshore tourism market just steps from boutiques, galleries, restaurants, and the Kalamazoo River waterfront.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.54%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Commercial

APN/PARCEL ID

59-551-002-00

ASK ABOUT THIS PROPERTY

Rob AndersonEquity Group Of Michigan LLCMore Info
616-831-9900

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Rob AndersonEquity Group Of Michigan LLCMore Info
616-831-9900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.