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    Locust St Allegan, MI 49010

    For Sale
    $360,000

    Historic Brick Buildings, High Potential

    Property size:
    6,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    Two charming, late 1800s Victorian brick commercial buildings are available for sale in Allegan, Michigan's vibrant downtown historical district. Situated on a 0.05-acre lot on Locust Street, this unique property offers a combined 6,600 square feet of space. Each building boasts approximately 1,650 square feet of street-level retail or office space, ideal for a variety of businesses. The original upper facades retain their historical character, adding to the property's unique charm. A shared exterior staircase leads to the upper level, which currently features two apartments in need of renovation, presenting a significant opportunity for value-add potential. A full basement is included in each building, offering ample storage space. This property presents a rare opportunity to own a piece of Allegan's rich history and capitalize on the growing demand for commercial space in the heart of the city's central business district. The buildings' prime location offers excellent visibility and accessibility, making them an attractive investment for both established businesses and entrepreneurs seeking a unique and historic space. The substantial square footage, combined with the potential for residential conversion or expansion, makes this a versatile and highly promising investment opportunity. The property is priced at $360,000.

    Property Features for Locust St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,600 SF
    Lot Size
    2,178 SF

    Building Details

    Year Built
    1880
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Allegan
    County
    Allegan
    State
    Michigan
    Longitude
    -85.84927
    Latitude
    42.52813

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Brick Buildings, High Potential
    Where is this commercial real estate located?
    The property is located at Locust St Allegan, MI.
    What is the asking price?
    The asking price for this property is $360,000.
    (269) 355-1919
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    Locust St Allegan, MI 49010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Locust St Allegan, MI 49010
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