Mixed-Use Property in Allegan,
314 & 316 Western Avenue Allegan, MI 49010
314 & 316 Western Avenue, Allegan, MI, 49010
$400,000
For Sale
$400,000
COMMERCIAL - Allegan, MI
Property Size5,610 SF
Lot Size0.80 Acres
Price / SF$71.30
Days on Market118
Property Features for 314 & 316 Western Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
- Interior features
- Broadband
- Standard status
- Active
- APN
- 03-51-170-076-00
- Size
- 5,610 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Lengthy Legal. See Documents.
- Tax Annual Amount
- 7197
Utilities
- Utilities
- Cable Available
- Heating system
- Forced Air
Building Details
- Year built
- 1908
- Floors in Building
- 2
- Number of units
- 4
Listing Agency
Weichert REALTORS Plat Allegan
(269) 512-6290
223 Hubbard, Allegan, MI
Listed by
Benjamin M Otis · License #6502390146
(616) 275-2998
Added: Mar 23 Checked: Jul 18 at 4:06 am
MLS# 26011301
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property, located in Allegan, MI, features multiple buildings situated on 4 city lots. The total property size is 5610 square feet, situated on a lot of 0.8 acres. One building was most recently used for a large scale service and distribution company. Another building is currently used as a multi-family residential rental with long-term tenant history. This property offers potential for a live/work opportunity or investment income.
Key Highlights
- Multiple buildings on 4 city lots offer diverse potential.
- Includes a multi‑family residential rental with long‑term tenant history.
- Suitable for live/work opportunities or investment income.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.3k | $12.36 |
| − Vacancy | −$3.9k | −$0.69 |
| EGI | $65.5k | $11.67 |
| − OpEx | −$29.5k | −$5.25 |
| NOI | $36.0k | $6.42 |
5,610 SF · lease $12.36/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Office B
$882.9K
$772.5K – $1.03M
NOI $61,802 @ 7.0% cap · market cap 15.45%
Second Best
Multifamily LT 5
$592.8K
$518.7K – $691.6K
NOI $41,494 @ 7.0% cap · market cap 10.37%
Theoretical Best
Hotel Hospitality
$52.68M
$46.10M – $61.46M
NOI $3,687,859 @ 7.0% cap · market cap 921.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Culligan Water Conditioning ...
Home Appliance Store
Cleanwater Corp
Home Appliance Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential potential in Allegan.
Where is this mixed-use property located?
The property is located at 314 & 316 Western Avenue Allegan, MI.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Multiple buildings on 4 city lots offer diverse potential.; Includes a multi‑family residential rental with long‑term tenant history.; Suitable for live/work opportunities or investment income.
