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Property profile & analytics
OFF-MARKET
Commercial real estate

Brady St Allegan, MI 49010

0.09 ac lot Built 1890
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses two adjacent commercial properties located in the heart of Allegan, Michigan's vibrant downtown. The package includes 145 Brady Street, a three-story historic building boasting stunning river views. The ground floor offers versatile office space, while the upper two floors present significant potential for conversion into apartments. A convenient walkout basement leads directly to the Riverfront Plaza, offering unique access and visibility. Adjacent to 145 Brady Street is 149 Brady Street, a prime investment property featuring three existing apartments and additional main-level office space. Both buildings are situated in a high-demand rental area, ensuring strong potential for consistent income generation. The combined 0.09-acre lot provides ample space for both properties. This is a rare chance to acquire a significant piece of Allegan's history and capitalize on the thriving downtown market. The asking price for both properties is $600,000. The square footage of each building is not currently available. This unique offering presents a compelling opportunity for investors seeking a substantial return in a desirable location. The properties are ready for immediate occupancy and offer significant upside potential through renovations and lease optimization.

Property profile
Verified
Property type Commercial real estate
Year built 1890
Lot 0.09 ac (3,920 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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