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    Property profile & analytics
    OFF-MARKET Estimated value $840,000
    Retail space

    558 Water St, Allegan, MI 49010-1311

    6,912 SF 1.15 ac lot
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US43-2176580
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 558 Water Street in Allegan, Michigan, offers a substantial 14,000 square feet of versatile space. Situated on a generous 2.85-acre lot, this property presents a significant opportunity for businesses seeking ample room for operations and expansion. The building's substantial size allows for a variety of uses, making it ideal for manufacturing, warehousing, distribution, or other industrial applications. The property's location in Allegan provides convenient access to transportation routes and essential infrastructure, facilitating efficient logistics and operations. The asking price for this expansive industrial property is $1,200,000. This represents a compelling investment opportunity in a thriving Michigan community. The property's size and location combine to offer a rare chance to acquire a significant industrial asset. Serious inquiries are encouraged to explore the potential of this exceptional property and its suitability for various industrial needs. The ample land provides room for potential expansion or outdoor storage, further enhancing its value and utility. This is a turnkey opportunity for a business seeking to establish or expand its operations in a strategic location. The property is ready for immediate occupancy, offering a seamless transition for any prospective buyer.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 6,912 SF
    Lot 1.15 ac (50,094 SF)
    APN 51-200-071-00
    UPID US43-2176580
    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
    Current use
    Occupant on record · Public records
    • Andy's Ace Hardware Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.11M
    Comparable Approach Comparable
    $692k
    Blend (final) Blend
    $840k
    Owner & transaction history
    558 Water LLC · 18 yrs held
    558 Water LLC
    since 2008
    2 recorded transactions
    2008
    $399,000
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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