Brady St Allegan, MI 49010
This exceptional investment opportunity encompasses two adjacent buildings located in the heart of downtown Allegan, Michigan, at 145 and 149 Brady Street. The combined property boasts a total of 11,107 square feet situated on a 0.09-acre lot. 145 Brady Street is a historic three-story building offering stunning river views. The ground floor provides 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, providing easy access to the vibrant downtown area. The adjacent building, 149 Brady Street, presents another compelling investment opportunity. This building features three existing apartments, generating immediate rental income, along with additional office space on the main level. Both properties benefit from their prime location within a thriving downtown area characterized by high rental demand, ensuring a strong return on investment. This unique offering presents a rare chance to acquire a piece of Allegan's rich history and capitalize on the exceptional investment potential of these two strategically located buildings. The asking price for both properties is $600,000.
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
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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.