47 W Center Street

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47 W Center Street

Douglas, MI 49406
Asking Price
Contact for price
Asset Type
Traditional Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Traditional office building comprising 2,400 square feet of space.
  • Located at 47 W Center Street in Douglas, Michigan.
  • Property situated in a stable coastal regional submarket.
  • Functional floor plan suitable for professional service tenants.
  • Well-positioned for firms requiring visibility in a central corridor.

What's Special

This 2,400 square foot traditional office building is positioned at 47 W Center Street in Douglas, Michigan. The property sits within a scenic coastal submarket known for its regional tourism and stable local economy. With a layout conducive to professional services, the space functions effectively for small firms, boutique consultancies, or administrative headquarters seeking a functional footprint in a well-trafficked corridor. The location offers connectivity within the greater Douglas and Saugatuck area, providing visibility and accessibility for both clients and employees. Given the size and traditional office configuration, the premises can accommodate varied operational needs ranging from creative studios to private professional practices. Investors and business owners will appreciate the building's utility in a market characterized by its unique blend of seasonal economic activity and year-round residential appeal.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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