Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

106 Locust St Allegan, MI 49010

FOR SALE
Other commercial real estate
Property ID
US43-5144785
3,590 SF 0.06 ac lot
Last sale Jan 2018 · $100,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A two-story late Victorian brick commercial building located in the Central Business Historical District of Downtown Allegan. Constructed in the late 1800s, it retains original upper façade elements. The street level includes approximately 1,650 square feet of large open retail or office space, with access from a back alley entrance and an interior spiral staircase leading to the upper level, as well as an exterior shared street-level staircase. The upper level is also approximately 1,650…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$83k
Assessed land$7k
Assessed improvement$76k
Effective rate3.55%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$310k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$2k
Operating expenses−$17k
NOI · 12.46% cap applied$21k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$50/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$26 – $73
Qualifying comparables17

Cap rate analysis

How does the asset earn?
12.46%
$21k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.3
Spa & Massage11.2
Auto Parts Store11.0

Location

106 Locust St Allegan, MI 49010
County assessor Recorded deeds · 3 transfers 17 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
142 Brady, Allegan, MI 49010-1313 $235,000 Oct 2024 4,210 SF
217 Hubbard, Allegan, MI 49010-1320 $150,000 Apr 2024 3,332 SF
Allegan, MI 49010 $150,000 Apr 2024 3,332 SF
200 Locust, Allegan, MI 49010-1304 $203,200 Nov 2023 4,000 SF
221 Trowbridge, Allegan, MI 49010-1340 $128,900 Feb 2022 4,000 SF
128 Locust, Allegan, MI 49010-1302 $78,000 Apr 2020 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again