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Financial
Distress signals
Property profile

558 Water St Allegan, MI 49010

FOR SALE
Retail space
Property ID
US43-2176580
6,912 SF 1.15 ac lot
Last sale Mar 2008 · $399,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value · 2024$252k
Assessed land$22k
Assessed improvement$230k
Effective rate3.85%

Value estimate

· Oct 2026
$340k
$306k – $374k
CAP approach$1.11M
Submarket $/SF estimate$692k
NOI build-up
Gross scheduled income$100k
Vacancy & credit loss−$4k
Operating expenses−$29k
NOI · 7.06% cap applied$67k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220

Cap rate analysis

How does the asset earn?
7.06%
$67k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage11.4
Parking Facility10.9
Dental Office10.8

Location

558 Water St Allegan, MI 49010
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
213 Hubbard, Allegan, MI 49010-1320 $250,000 Dec 2025 2,340 SF
4021 104th, Allegan, MI 49010-9136 $30,000 Apr 2024 5,084 SF
1141 Lincoln, Allegan, MI 49010-9075 $222,500 Mar 2024 2,222 SF
500 Main, Allegan, MI 49010-1132 $70,000 Jul 2023 2,352 SF
1287 Lincoln, Allegan, MI 49010-9778 $50,000 Jun 2023 5,136 SF
1169 26th, Allegan, MI 49010-9025 $135,000 Apr 2021 3,808 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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