98 W Center St - Freestanding FOR SALE


Douglas, MI 49406
$1,499,000 USD
224-600-4220
98 W Center St, Douglas, MI for Sale
$1,499,000 USD
Freestanding - FOR SALE
1/8
null | Request Cap Rate

98 W Center St
Douglas, MI 49406


HIGHLIGHTS

  • • Fully renovated historic mixed-use building in the heart of downtown Douglas
  • • Flexible floor plan designed to allow easy division and reconfiguration of rental spaces.
  • • Main level is fully leased with two tenants, can be configured as up to three separate storefronts
  • • Upper and lower levels provide multiple residential income streams with strong rental demand in this popular lakeshore resort market.
  • • Residential apartments may also be operated as short-term vacation rentals (e.g., Airbnb/VRBO) during the tourist season
  • • On-site rear parking lot and garden-style outdoor patio area ideal for tenant and customer use.

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

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

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

Tom ZantEquity Group Of Michigan LLCMore Info
224-600-4220

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Tom ZantEquity Group Of Michigan LLCMore Info
224-600-4220

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