Mixed Used Building in Downtown Douglas
Diversified Income Property with Proven Retail and STR Potential
Marketing description
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.
Investment highlights
Fully renovated historic mixed-use building combining classic small-town character with modern systems and flexible income-producing spaces.
- Fully renovated historic mixed-use building in the heart of downtown Douglas, combining classic small-town character with modern systems and flexible income-producing spaces.
- 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 with prominent Center Street visibility.
- 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, offering the potential for similar or higher annual income compared with traditional long-term leases.
- On-site rear parking lot and garden-style outdoor patio area ideal for tenant and customer use.
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