Property summary
This 1.95-acre commercial and residential lot, located at 152 Mill District Road in Allegan, Michigan (49010), is offered for $199,000. The property, identified by APN 51-205-060-00, is zoned C-1, permitting mixed-use commercial and residential development. The land value is $2.34 per square foot. This site is approved for a marijuana provisioning center or microbusiness and presents significant opportunities for large-scale redevelopment. Potential uses include assisted/senior living, affordable/workforce/market-rate housing. The City of Allegan recently completed a major street resurfacing project, enhancing the area's infrastructure. An adjacent parcel is also available, potentially expanding development capacity to 120,000 square feet. Numerous local and state incentives are available to support development projects. This property is part of the Mill District Redevelopment Project.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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