110-106 Locust St, Allegan, MI 49010
This exceptional investment opportunity presents two adjacent, historically significant commercial buildings situated in the heart of Allegan's vibrant downtown, within its historic district. These late 1800s structures boast original upper facades and offer a combined 6,600 square feet of space on a 0.05-acre lot. Each building features approximately 1,650 square feet of street-level space, ideal for retail or office use. A shared exterior staircase provides access to the upper levels, which currently house two apartments requiring renovation. The buildings offer significant potential for redevelopment and adaptive reuse, capitalizing on their prime location and historical charm. The full basements provide additional storage or expansion possibilities. This property represents a rare chance to acquire a substantial piece of Allegan's heritage and create a thriving commercial enterprise. The buildings are located in the central business district, ensuring high visibility and accessibility. The potential for rental income from the upper-level apartments, once renovated, adds to the overall investment appeal. This is an excellent opportunity for an investor seeking a unique and profitable venture in a thriving Michigan community. The property's size and location make it suitable for a variety of commercial uses, offering flexibility and potential for significant return on investment.
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
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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.