145 Brady St, Allegan, MI 49010-1312
This exceptional 5,589 square foot industrial property, located at 145 Brady in Allegan, Michigan, presents a unique investment opportunity. Situated on a 0.05-acre lot in the heart of downtown Allegan, this historic building boasts stunning views of the Riverfront Plaza, the Amphitheater, and the Kalamazoo River. Currently configured with office space on the main level, the property offers significant versatility. The adaptable layout allows for a variety of business uses, from traditional office spaces to creative studios. The upper levels present a compelling opportunity for conversion into residential apartments, potentially maximizing rental income. Adding to its appeal is a walkout basement providing direct access to the vibrant Riverfront Plaza and scenic boardwalk, enhancing both functionality and aesthetic appeal. This prime downtown location offers unparalleled visibility and accessibility, placing the property within easy reach of local amenities and a thriving community. The asking price for this piece of Allegan's history is $260,000. Don't miss this chance to acquire a truly remarkable property with immense potential for future growth and profitability.
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Sky Trail Management & Development Business Administration Service
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JML Real Estate Real Estate Agency
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LiggettVille Travel Agency Tour Operator
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.