Storefront Property with
New
For Sale
$425,000
1247 Lincoln Road, Allegan, MI 49010
Commercial Sale, Allegan, MI
Property Size2,580 SF
Lot Size1.36 Acres
Price / SF$164.73
Days on Market2
Property Features for 1247 Lincoln Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Middle school
12th Street Elementary School
Elementary school district
Allegan
Middle school district
Allegan
High school district
Allegan
Directions
131 to Otsego then West and North to property, just south of Allegan
Standard status
Active
APN
01-034-046-00
Size
2,580 SF
Lot size
1.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Attached
Tax Annual Amount
2770
Legal Description
Attached
Utilities
Utilities
Natural Gas Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
central A/C
abundant storage
2 separately fenced back yards
specialized UV room
Building Details
Year built
1946
Number of units
1
Listing Agency:
RE/MAX Advantage · RE/MAX International
(269) 323-3900
Listed By:
Nancy M Simmons
(269) 342-2618
Added: Sep 3
Last Checked: Sep 4 at 3:06AM
MLS# 26047002
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 2,580-square-foot storefront property, built in 1946, combines a central showroom with 2 separate office spaces, abundant storage, and a specialized UV room. Cedar wall finishes, central A/C, forced-air heating, and 2 bathrooms support a range of commercial operations. The building also includes 2 separately fenced back yards and approximately 30 parking spaces.
Positioned on Lincoln Road near M-89 in Allegan, the property offers access along a named roadway and includes natural gas availability and a well water source. One portion is occupied by a long-term tenant, while the remaining space provides additional flexibility for an owner-user or another occupant.
Positioned on Lincoln Road near M-89 in Allegan, the property offers access along a named roadway and includes natural gas availability and a well water source. One portion is occupied by a long-term tenant, while the remaining space provides additional flexibility for an owner-user or another occupant.
Key Highlights
- 2,580‑square‑foot commercial storefront built in 1946
- Central showroom with 2 separate office spaces
- Approximately 30 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,783
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,660
$535.7K
Cap Rate 7%
$382,614
$382.6K
Cap Rate 9%
$297,589
$297.6K
Market Conditions
NOI Build-Up for 2,580 SF
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.
Gross rent
$39.9K $15.48/SF
− Vacancy
−$1.7K −$0.65/SF
EGI
$38.3K $14.83/SF
− OpEx
−$11.5K −$4.45/SF
NOI
$26.8K $10.38/SF
Area
Allegan County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,660
Cap Rate 7%
$382,614
Cap Rate 9%
$297,589
Alternative Uses
Best Use
Retail
$382.6K
$334.8K – $446.4K
NOI $26,783 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$24.23M
$21.20M – $28.27M
NOI $1,696,021 @ 7.0% cap · market cap 399.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
11k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Electronics 6%
Dollar Tree
Shops & Services
6,259 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,753 visits/mo
0.1 miles
H&R Block
Shops & Services
1,304 visits/mo
0.1 miles
Verizon
Electronics
639 visits/mo
0.1 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with office space, storage, central air conditioning, and dedicated parking.
Where is this storefront property located?
The property is located at 1247 Lincoln Road 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: 2,580‑square‑foot commercial storefront built in 1946; Central showroom with 2 separate office spaces; Approximately 30 parking spaces
