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    OFF-MARKET
    Industrial properties

    110-106 Locust St, Allegan, MI 49010

    6,600 SF 0.05 ac lot Built 1880
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Industrial properties
    Year built 1880
    Total area 6,600 SF
    Lot 0.05 ac (2,178 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
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