You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR SALE
Commercial real estate

106 Locust St Allegan, MI 49010

3,590 SF 0.06 ac lot
Entity Owned 8-yr Hold Free & Clear
Property ID
US43-5144785
Property summary
AI-generated overview

This exceptional 3,300 square foot, two-story commercial building presents a rare opportunity in Allegan's vibrant Central Business and Historical District. Built in the late 1800s, this late Victorian brick structure boasts original upper facades, retaining its historical charm. The street-level space offers approximately 1,650 square feet of adaptable area, perfect for retail or office use. A convenient back alley entrance and an interior spiral staircase provide access to the upper level, which also encompasses approximately 1,650 square feet. The upper level currently requires renovation but holds significant potential for conversion into two apartments. A full basement adds further versatility. A separate 290-square-foot single-stall garage is situated on a detached lot accessible from the back alley. The property sits on a 0.06-acre lot. Note that a neighboring property at 110 Locust is available for sale only in conjunction with this listing and includes a life lease to the existing tenant at that address. This combined offering presents a unique investment opportunity for those seeking a blend of historical character and substantial redevelopment potential within a thriving downtown setting. The property is priced at $180,000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 3,590 SF
Lot 0.06 ac (2,526 SF)
APN 51-205-019-00
UPID US43-5144785
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Morph LLC · 8 yrs held
Morph LLC
since 2018
3 recorded transactions
2023
Price N/A
2018
$100,000
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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