231 Western Avenue, Allegan, MI 49010
Long-established party store with licenses in a great location.
- Added:
- Mar 12, 2026
- Days on Market:
- 113
- Last Refresh:
- May 12 at 1:55 am
Property Features for 231 Western Avenue
General Information
- Standard status
- Active
- Size
- 2,706 SF
- Lot size
- 0.30 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1960
Listing office Freeman Real Estate (269) 686-8800
Listing date Mar 12, 2026
Source Exitrealty
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 Freeman Real Estate
HighLights
- Long established business
- SDD (Specially Designated Distributor) license included
- SDM (Specially Designated Merchant) license included
- Benefit from Sunday sales license
- Great location
- Year Built: 1960
Overview
Local Financial Insights For Specialty Retail
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 | $41.9k | $15.48 |
| − Vacancy | −$1.8k | −$0.65 |
| EGI | $40.1k | $14.83 |
| − OpEx | −$10.0k | −$3.71 |
| NOI | $30.1k | $11.12 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Village Market- Allegan, Michigan — 100 Monroe St, Allegan, MI 49010
Location Insight
- Map
- Local Demand
- City
- Allegan
- County
- Allegan
- State
- Michigan
- Longitude
- -85.8615
- Latitude
- 42.5283
