Property profile

152 Ml District Rd Allegan, MI 49010

OFF-MARKET
Warehouses
Property ID
US43-4390421
36,469 SF 1.08 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Total area 36,469 SF
Lot 1.08 ac (47,045 SF)
APN 51-205-060-00
UPID US43-4390421

Cap rate & NOI

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

Location

152 Ml District Rd Allegan, MI 49010-1323
Allegan metro Census 31200 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$65k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$65k

Owner & transaction history

since 2024
Last sale
$65,000
2 recorded transactions
2024
$65,000
2006
$40,000

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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