Brady St Allegan, MI 49010
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.