98 W Center St - Storefront Retail/Residential FOR SALE


Douglas, MI 49406
$1,490,000 USD
269-857-8030
98 W Center St, Douglas, MI for Sale
$1,490,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | Request Cap Rate

98 W Center St
Douglas, MI 49406


HIGHLIGHTS

  • Downtown Douglas location surrounded by established shops, galleries, and restaurants.
  • Mixed-use configuration combines commercial and residential income opportunities.
  • Three residential apartments approved for short-term or long-term rentals.
  • Main-level retail area can accommodate multiple layout configurations.
  • Building relocated to a new foundation in 2002 and remodeled in 2025.
  • Suitable for owner-occupant, investment, or live-work ownership strategies.

OVERVIEW

Positioned in the heart of downtown Douglas, this three-story mixed-use commercial and residential property offers a rare opportunity to acquire an income-producing asset within one of West Michigan's most recognizable waterfront tourism markets. The property combines commercial storefront exposure along Center Street with residential income potential, creating flexibility for investors, owner-occupants, or entrepreneurs seeking a live-work environment. The building was relocated onto a new foundation in 2002 and underwent additional remodeling in 2025. The current configuration includes commercial retail space on the main level and three apartments approved for either short-term or long-term rental use. Recent ownership improvements include the addition of a lower-level one-bedroom apartment with patio access and unfinished areas that may support future customization. The retail component can be configured into multiple layouts, allowing users to adapt the space to evolving business needs. Douglas forms part of the nationally recognized Saugatuck-Douglas tourism destination, known for its art galleries, restaurants, boutique lodging, waterfront attractions, and year-round visitor activity. The property's downtown location places it within walking distance of local businesses, community events, and the commercial core that attracts both residents and seasonal visitors. This combination of residential rental flexibility, commercial frontage, and a well-established tourism economy supports multiple income strategies and long-term ownership objectives.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

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

Rob JoonJaqua RealtorsMore Info
269-857-8030

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Rob JoonJaqua RealtorsMore Info
269-857-8030

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