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    558 Water St Allegan, MI 49010

    Sponsored
    For Sale
    $1,200,000

    Prime Allegan location, 14,000 sq ft, vacant.

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 558 Water Street in historic Allegan, Michigan (49010), presents a unique investment opportunity. The property consists of a 14,000 square foot, two-story building, previously occupied by Ace Hardware, situated on a 2.85-acre lot spanning three parcels. The building, constructed in 1990 and classified as Class B, offers significant street frontage with large display windows. The basement provides both interior and exterior access points. Included are two pole barns with power, and additional vacant land ideal for expansion along the Kalamazoo River. The property boasts 720 feet of Kalamazoo River frontage and 250 feet of road frontage on Monroe and Grand Streets. The sale is a fee simple ownership, with a NNN lease type, and is currently vacant. The property is comprised of three units and offers substantial potential for redevelopment or repurposing within this thriving Allegan community. The asking price is $1,200,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant riverfront access.

    Property Features for 558 Water St

    General Information

    Property type
    Land
    Square Feet
    14,000 SF
    Class
    B

    Building Details

    Year Built
    1990
    Units
    3

    HighLights

    • 720 feet of Kalamazoo River frontage.
    • 2.85‑acre lot with 250 feet of road frontage on Monroe and Grand Streets in historic Allegan, MI.
    • 14,000 square foot, two‑story building with basement access (interior and exterior). Features large street‑facing display windows.
    • Includes two powered pole barns and additional vacant land suitable for expansion along the Kalamazoo River.
    Property Profile Location Intelligence

    Current Use by Public Records

    Andy's Ace Hardware Hardware Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allegan
    County
    Allegan
    State
    Michigan
    Longitude
    -85.8484063
    Latitude
    42.5304243

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    FAQs

    What type of property is this?
    Land - Prime Allegan location, 14,000 sq ft, vacant.
    Where is this land located?
    The property is located at 558 Water St Allegan, MI.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 720 feet of Kalamazoo River frontage.; 2.85-acre lot with 250 feet of road frontage on Monroe and Grand Streets in historic Allegan, MI.; 14,000 square foot, two-story building with basement access (interior and exterior). Features large street-facing display windows.
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    558 Water St Allegan, MI 49010
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    Allegan, MI 49010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    558 Water St Allegan, MI 49010
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