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    Brady St Allegan, MI 49010

    For Sale
    $600,000

    Two adjacent buildings, high rental demand.

    Property size:
    11,107 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity encompasses two adjacent buildings located in the heart of downtown Allegan, Michigan, at 145 and 149 Brady Street. The combined property boasts a total of 11,107 square feet situated on a 0.09-acre lot. 145 Brady Street is a historic three-story building offering stunning river views. The ground floor provides 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, providing easy access to the vibrant downtown area. The adjacent building, 149 Brady Street, presents another compelling investment opportunity. This building features three existing apartments, generating immediate rental income, along with additional office space on the main level. Both properties benefit from their prime location within a thriving downtown area characterized by high rental demand, ensuring a strong return on investment. This unique offering presents a rare chance to acquire a piece of Allegan's rich history and capitalize on the exceptional investment potential of these two strategically located buildings. The asking price for both properties is $600,000.

    Property Features for Brady St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    11,107 SF
    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 - Two adjacent 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
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    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

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    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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