Property profile

558 Water St Allegan, MI 49010

OFF-MARKET
Retail space
Property ID
US43-2176580
6,912 SF 1.15 ac lot
Entity Owned 18-yr Hold ~ Est. High Equity
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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 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

Current use

Occupant on record · Public records
  • Building Supply Hardware & Home Improvement

Location

558 Water St Allegan, MI 49010-1311
Allegan metro Census 31200 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.11M
Comparable Approach Comparable
$692k
Blend (final) Blend
$340k

Owner & transaction history

since 2008
2 recorded transactions
2008
$399,000
2006
Price N/A

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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