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Property profile & analytics
OFF-MARKET
Commercial real estate

Brady St Allegan, MI 49010

11,107 SF 0.09 ac lot Built 1890
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1890
Total area 11,107 SF
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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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