Building Details

Year Built 1946

Buildings 1

Tenancy Multi

Listing Agency: RE/MAX Advantage

Listed By: Nancy M Simmons Show Phone

Source: Findmichiganhomelistings

Added: Sep 2 Changed: Oct 21 Last Checked: Oct 20 at 9:19PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This flex-space property on approximately 1.38 acres includes a large central showroom or marketing area, two separate office spaces, cedar wall finishes, central A/C, abundant storage, and a specialized UV room. The building was constructed in 1946 and includes two separately fenced back yards along with approximately 30 parking spaces.

Located on Lincoln Road near M-89, the property combines customer-facing space with enclosed office and storage areas. One portion is occupied by a long-term tenant, while additional space remains available for an owner-user or another tenant.

Key Highlights

• Approximately 1.38 acres on Lincoln Road near M‑89
• Large central showroom or marketing area with 2 separate office spaces
• Approximately 30 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,422

Cap Rate

6.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$568,440 $568.4K

Cap Rate 7%

$406,029 $406.0K

Cap Rate 9%

$315,800 $315.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,580 SF

Gross rent

$44.0K $17.04/SF

− Vacancy

−$6.1K −$2.35/SF

EGI

$37.9K $14.69/SF

− OpEx

−$9.5K −$3.67/SF

NOI

$28.4K $11.02/SF

Area

Allegan County, MI

Vacancy

13.80%

Lease Rate

$17.04 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$568,440

Cap Rate 7%

$406,029

Cap Rate 9%

$315,800

Alternative Uses

Best Use

Office B

$406.0K

$355.3K – $473.7K (±1% cap)

NOI $28,422 @ 7.0% cap · market cap 6.69%

Second Best

Retail

$382.6K

$334.8K – $446.4K (±1% cap)

NOI $26,783 @ 7.0% cap · market cap 6.30%

Theoretical Best

Hotel Hospitality

$24.23M

$21.20M – $28.27M (±1% cap)

NOI $1,696,021 @ 7.0% cap · market cap 399.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Rogue Dreams (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Restaurant Real Estate Agency Big Box & Wholesale Store Pharmacy Law Firm Building Supply

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

Lease Details

Multi-tenant

Tenancy

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

64

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

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?

Flex space - Flexible commercial layout with showroom, offices, storage, and an existing long-term tenant.

Where is this flex space located?

The property is located at 1247 Lincoln Rd Allegan, MI.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Approximately 1.38 acres on Lincoln Road near M‑89; Large central showroom or marketing area with 2 separate office spaces; Approximately 30 parking spaces