Property profile

1234 Lincoln Rd Allegan, MI 49010

OFF-MARKET
Auto shops
Property ID
US43-2383964
13,654 SF 3.24 ac lot Built 1966
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 1234 Lincoln Road in Allegan, Michigan, 49010, presents a significant investment opportunity. The property encompasses a substantial 14,088 square feet situated on a 3.23-acre lot. The main structure offers 11,400 square feet of versatile warehouse/showroom space, ideal for a variety of businesses. This area features 16-foot ceilings and is complemented by a well-appointed office area and three restrooms. Four overhead doors ensure efficient loading and unloading operations. In addition to the main building, the property includes a 2,688 square foot pole barn, subject to existing tenant rights. This secondary structure offers additional storage or workspace, featuring one restroom, an overhead door, and a convenient loading dock. The property benefits from its strategic location in a high-traffic area between Allegan and Otsego, providing excellent visibility and accessibility. The asking price for this turnkey industrial property is $448,000. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. This is a rare opportunity to acquire a substantial warehouse property in a prime location.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1966
Total area 13,654 SF
Lot 3.24 ac (141,134 SF)
APN 01-035-037-11
UPID US43-2383964

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Storage Facility
  • Advertising Agency Marketing & Advertising

Location

1234 Lincoln Rd Allegan, MI 49010-9706
Allegan metro Census 31102 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
$639k
Blend (final) Blend
$575k

Owner & transaction history

since 2021
Last sale
$405,000
3 recorded transactions
2021
Price N/A
2021
$275,000
2016
$295,000

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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