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Property profile

110-106 Locust St Allegan, MI 49010

OFF-MARKET
Retail properties & Spaces
6,600 SF 0.11 ac lot Built 1880
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Property summary

AI-generated overview

This exceptional investment opportunity presents two adjacent, two-story late Victorian brick commercial buildings situated in the heart of Allegan's central business and historic district at 110-106 Locust Street, Allegan, MI 49010. The property boasts a combined 6,600 square feet of net rentable space, currently 25% occupied, and is offered at $360,000 ($54.55/sq ft). Each building features approximately 1,650 square feet of street-level space ideal for retail or office use, showcasing original facades from the late 1800s. A shared exterior staircase leads to the upper level, which houses four apartments in need of renovation, presenting significant upside potential. The property includes full basements and a separate 290-square-foot single-stall garage located on a detached lot accessible from the back alley. The 0.109-acre lot is zoned C1. Built in 1880 and renovated in 2010, this multi-tenant (currently one tenant) mixed-use property (Multifamily, Office, Retail) offers a unique blend of historical charm and modern investment potential. The property is offered as an owner/user investment with a net lease type. The APN is 51-205-018-00 & 51-205-019-00. This is a for sale by owner listing.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1880
Total area 6,600 SF
Lot 0.11 ac (4,748 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

110-106 Locust St Allegan, MI 49010
Allegan metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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