Allegan, MI Multifamily properties for sale

Updated: Mar 23

Mixed-Use Property in Allegan, MI

314 & 316 Western Avenue, Allegan, MI 49010

$400,000

5,610 sqft 0.80 AC lot

Multiple buildings on 4 city lots offer diverse potential.
Includes a multi‑family residential rental with long‑term tenant history.
Suitable for live/work opportunities or investment income.
One building previously used for a large‑scale service and distribution company.
Broadband and cable available.

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This listing looks promising.

Here's a quick look at some key insights for

314 & 316 Western Avenue, Allegan, MI 49010

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$36K
Annual
Price @ 7% Cap

$514K
Above asking
Last Sold

May 2015
$130K

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Updated: Jun 16

Historic Downtown Bar and Apartment Building

132 Brady Street, Allegan, MI 49010

$350,000

6,941 sqft 0.14 AC lot

Historic 2‑story brick building built in 1885
Over 6,941 sq ft of versatile space with basement and 3 bathrooms (Bathroom 1–3)
Central Air and Forced Air heating
On‑site bar: “Sherwoods Cove” plus an occupied 1‑bedroom apartment with a long‑term tenant
Second story available for new upper‑level apartments

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Downtown Allegan Mixed-Use Building

245 Hubbard Street, Allegan, MI 49010

$750,000

6,072 sqft 0.07 AC lot

Redeveloped mixed-use building with retail and residential units.

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Mixed-Use Property with Income Potential

314 & 316 Western Ave, Allegan, MI 49010

$400,000

0.80 AC lot

Mixed-use property featuring multiple buildings on four city lots.

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Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 4 Active listings in Allegan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Retail Building with Apartment

111 N Main Street, Plainwell, MI 49080

$199,500

2,192 sqft 0.03 AC lot

Retail space with apartment in downtown Plainwell.

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Turnkey Restaurant in Historic Building

113 N Farmer Street, Otsego, MI 49078

$498,000

3,420 sqft

Fully equipped restaurant with apartment in renovated historic building.

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Duplex with Separate Utilities

518 Lincoln Road, Otsego, MI 49078

$349,900

1.22 AC lot

Two-unit duplex on 1.22 acres with separate utilities, updated major systems, and garages for each unit.

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Plainwell Multifamily Development Opportunity

355 12th Street, Plainwell, MI 49080

$91,000

3.04 AC lot

3+/- acre site zoned for multifamily residential development.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Residential Land in Riverdale

N Lumberjack Road, Riverdale, MI 48877

Contact for pricing

0.67 AC lot

Vacant residential land suitable for building or mobile home placement.

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Deeded RV Recreational Lot

V/L E Kissing Oaks Trail, Custer, MI 49405

$39,900

0.96 AC lot

Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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Expansive Land with Development Potential

VL N Fleming Road, Fowlerville, MI 48836

$6,900,000

354.27 AC lot

350+ acres of prime land with two scenic lakes.

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Private Campground Lot with Hookups

4537 Pine Run, Farwell, MI 48622

$41,500

0.75 AC lot

Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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Off-Market Properties in Allegan, MI

Consider similar Off-Market properties in Allegan, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

110-106 Locust St, Allegan, MI 49010

Value Estimation by Request

6,600 sqft 0.11 AC lot

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Allegan, MI Multifamily Properties Market Trends and Statistics

Explore 5 multifamily properties for sale in Allegan, MI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 18,623 square feet of properties for sale, with an estimated market value of $1,500,000.

Sale prices for multifamily properties in Allegan, MI start at $350,000, averaging $500,000, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
49010	$496K

Neighborhood

Average Price

49010

$496K