Multi-Building Industrial
1231 Lincoln Road Allegan, MI 49010
1231 Lincoln Road, Allegan, MI, 49010
$605,000
For Sale
$605,000
COMMERCIAL - Allegan, MI
Property Size11,432 SF
Lot Size1.76 Acres
Price / SF$52.92
Days on Market411
Property Features for 1231 Lincoln Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 01-035-028-00
- Size
- 11,432 SF
- Lot size
- 1.76 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- On file.
- Tax Annual Amount
- 6465
Utilities
- Utilities
- Cable Available
- Sewer type
- Septic Tank
- Water source
- Well
Building Details
- Year built
- 1900
- Floors in Building
- 1
- Number of units
- 3
Listing agency
NAI Wisinski of West Michigan
(269) 353-0311
Listed by
Connor Schultze · License #6501453214
(269) 370-6437
Added: Jun 6, 2025 Updated: Jun 20 at 6:01AM Checked: Jul 21 at 8:06PM
MLS# 25026800
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale industrial property consists of multiple buildings and is offered across two separate parcels totaling approximately 1.76 acres. The site is zoned C-2 General Commercial, supporting a range of commercial or light industrial uses. The property’s total listed area is 1.763 acres.
The location is on busy Lincoln Road, with the listing noting it is just minutes from downtown Allegan. The site’s multi-building configuration across two parcels can support businesses looking for more than one structure within a single ownership.
With C-2 General Commercial zoning and a multi-building layout, this property may fit operators seeking an industrial or mixed commercial setup rather than a single-structure site. The two-parcel structure can also be useful for buyers planning phased improvements or managing operations across multiple buildings, subject to applicable approvals and permitting requirements.
The location is on busy Lincoln Road, with the listing noting it is just minutes from downtown Allegan. The site’s multi-building configuration across two parcels can support businesses looking for more than one structure within a single ownership.
With C-2 General Commercial zoning and a multi-building layout, this property may fit operators seeking an industrial or mixed commercial setup rather than a single-structure site. The two-parcel structure can also be useful for buyers planning phased improvements or managing operations across multiple buildings, subject to applicable approvals and permitting requirements.
Key Highlights
- Multi‑building industrial property zoned C‑2 General Commercial
- High‑exposure location on busy Lincoln Road, just minutes from downtown Allegan
- 1.763 acres across 2 separate parcels
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.7k | $6.88 |
| − Vacancy | −$2.3k | −$0.20 |
| EGI | $76.4k | $6.68 |
| − OpEx | −$22.9k | −$2.00 |
| NOI | $53.5k | $4.68 |
11,432 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$763.7K
$668.3K – $891.0K
NOI $53,460 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$107.36M
$93.94M – $125.25M
NOI $7,515,081 @ 7.0% cap · market cap 1,242.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Industrial properties
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FAQs
What type of property is this?
Industrial property - Multi-building industrial property on Lincoln Road with C-2 zoning across two parcels for flexible commercial and light industrial use.
Where is this industrial property located?
The property is located at 1231 Lincoln Road Allegan, MI.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Multi‑building industrial property zoned C‑2 General Commercial; High‑exposure location on busy Lincoln Road, just minutes from downtown Allegan; 1.763 acres across 2 separate parcels
