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    Brady St Allegan, MI 49010

    Sponsored
    For Sale
    $600,000

    Historic buildings, high rental demand.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    344
    This exceptional investment opportunity encompasses two adjacent commercial properties located in the heart of Allegan, Michigan's vibrant downtown. The package includes 145 Brady Street, a three-story historic building boasting stunning river views. The ground floor offers versatile office space, while the upper two floors present significant potential for conversion into apartments. A convenient walkout basement leads directly to the Riverfront Plaza, offering unique access and visibility. Adjacent to 145 Brady Street is 149 Brady Street, a prime investment property featuring three existing apartments and additional main-level office space. Both buildings are situated in a high-demand rental area, ensuring strong potential for consistent income generation. The combined 0.09-acre lot provides ample space for both properties. This is a rare chance to acquire a significant piece of Allegan's history and capitalize on the thriving downtown market. The asking price for both properties is $600,000. The square footage of each building is not currently available. This unique offering presents a compelling opportunity for investors seeking a substantial return in a desirable location. The properties are ready for immediate occupancy and offer significant upside potential through renovations and lease optimization.

    Property Features for Brady St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1890
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Allegan
    County
    Allegan
    State
    Michigan
    Longitude
    -85.84826
    Latitude
    42.52671

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    FAQs

    What type of property is this?
    Commercial real estate - Historic buildings, high rental demand.
    Where is this commercial real estate located?
    The property is located at Brady St Allegan, MI.
    What is the asking price?
    The asking price for this property is $600,000.
    (269) 512-6290
    Request Owner's contact information
    Brady 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
    Brady St Allegan, MI 49010
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