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    Locust St Allegan, MI 49010

    Sponsored
    For Sale
    $360,000

    Two Victorian buildings, prime location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    345
    This exceptional investment opportunity presents two adjacent, historically significant commercial buildings situated in the heart of Allegan's vibrant downtown business district. These late 1800s structures boast original upper facades, showcasing their rich Victorian architectural heritage. Each building offers approximately 1650 square feet of street-level space, ideal for retail or office use, providing a combined total of approximately 3300 square feet of ground floor commercial space. A shared exterior staircase leads to the upper level, where two apartments are currently available. These apartments require renovation, presenting a significant value-add opportunity for a discerning investor. The property also includes full basements in both buildings, offering additional storage or potential for expansion. Located on a 0.05-acre lot, this property benefits from its central location within the historic district, ensuring high visibility and accessibility. The asking price for this unique dual-building property is $360,000, representing a compelling investment in a thriving Michigan community. The potential for rental income from both the commercial spaces and the renovated apartments makes this a strong addition to any portfolio. This is a rare chance to own a piece of Allegan's history and capitalize on its continued growth.

    Property Features for Locust St

    General Information

    Property type
    Other commercial real estate
    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 - Two Victorian buildings, prime location.
    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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