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Mixed-Use Investment Opportunity in Allegan
For Sale
$184,900
Pending

110 Locust St, Allegan, MI 49010

Mixed-use property with income in place in downtown Allegan.

Property SizeContact for details
Lot Size0.05 Acres
Days on Market155

Property Features for 110 Locust St

General Information

Standard status Pending
Lot size 0.05 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $4,162

Building Details

Year Built 1880
Units 2
Listing Agency: Coldwell Banker Sneller Real Estate
Listed By: Carol L Sneller · License #6502338165
Source: Elliman
Added: Mar 11 Changed: Aug 8 Last Checked: Aug 8 at 12:41PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Sneller Real Estate

Investment Insights

Based on property information with market context.

Located in Allegan's historic downtown district, 110 Locust Street presents a mixed-use investment opportunity. The main level is currently leased to an established insurance agency, providing immediate income. The sale is subject to tenant rights. The building offers additional potential for future improvements or repositioning, including the possibility of upper-level residential units above the commercial space. Situated near downtown shops, restaurants, and the Kalamazoo Riverfront, the property benefits from visibility and activity within one of Allegan's primary business corridors. The adjacent property at 106 Locust Street is also available, creating an opportunity to expand and explore a larger downtown redevelopment project. 110 Locust Street provides an opportunity to participate in Allegan's continued downtown growth.

Key Highlights

  • Immediate income from established insurance agency tenant.
  • Prime downtown Allegan location** with high visibility and foot traffic.
  • Potential for upper‑level residential unit development.

Property Analytics

Current Use

Bartz/Rumery Agency Inc Insurance Agency

Suggested Use

Top Pick Dental Office Spa & Massage Center Auto Parts Store HVAC Service Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

587
Businesses Nearby

Demographics for 49010, MI

18,183
Population
7,222
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
93%
High-School Grad
156.6 sq mi
ZIP Area
116
Density / Sq Mi
$72,361
Median Household Income
$42,133
Median Earnings
$1,061
Median Rent
$204,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property with income in place in downtown Allegan.
Where is this mixed-use property located?
The property is located at 110 Locust St Allegan, MI.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: Immediate income from established insurance agency tenant.; Prime downtown Allegan location** with high visibility and foot traffic.; Potential for upper‑level residential unit development.
More about this property
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