Allegan, MI Residential Income Properties for Sale

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Michigan Center, MI Otsego, MI Gobles, MI Hopkins, MI Bloomingdale, MI Pullman, MI Hamilton, MI Fennville, MI

7 properties

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Updated: Mar 23

Multi-Building Live-Work and Rental

314 & 316 Western Avenue, Allegan, MI 49010

$400,000

5,610 sqft 0.80 AC lot

Multiple buildings on 4 city lots
One building most recently used for service and distribution operations
Another building is currently a multi‑family rental with long‑term tenant history
Year built: 1908
Forced‑air heating and broadband available

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This listing looks promising.

Here's a quick look at some key insights for

314 & 316 Western Avenue, Allegan, MI 49010

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Est. Cap Rate

9%
Above avg (5.9%)
Est. NOI

$36K
Annual
Price @ 7% Cap

$514K
Above asking
Last Sold

May 2015
$130K

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Updated: Jun 16

Historic Downtown Bar and Apartment Building

132 Brady Street, Allegan, MI 49010

$350,000

6,941 sqft 0.14 AC lot

1885 brick, 2‑story building with 6,941+ SF of versatile space
Main level includes the Sherwoods Cove bar and an occupied 1‑bedroom apartment with a long‑term tenant
Expansive second story offers a blank canvas for additional upper‑level residential units
Located directly across from Mahan City Park with views of the Kalamazoo River
Forced‑air heating with central air conditioning

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Mixed-Use Building with Deck

245 Hubbard Street, Allegan, MI 49010

$750,000

6,072 sqft 0.07 AC lot

Recently redeveloped mixed-use building with street-level retail/office space and newly renovated residential units upstairs.

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Mixed-Use Property with Income Potential

314 & 316 Western Ave, Allegan, MI 49010

$400,000

0.80 AC lot

Mixed-use property featuring multiple buildings on four city lots.

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Mixed-Use Building in Downtown Allegan

106 Locust Street, Allegan, MI 49010

$169,900

3,300 sqft 0.06 AC lot

Redevelopment opportunity in a historic, walkable downtown district.

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Downtown Victorian Mixed-Use Buildings

110 Locust St, Allegan, MI 49010

$350,000

Two-story late Victorian brick buildings offer street-level retail or office space, plus upper apartments needing renovation.

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Downtown Allegan Mixed-Use Building

245 Hubbard St, Allegan, MI 49010

$750,000

Redeveloped mixed-use building in downtown Allegan with residential units.

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Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 7 Active listings in Allegan, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Live-Work Property with Salon

13434 M 40, Gobles, MI 49055

$243,000

1,630 sqft 1.00 AC lot

Includes an operating 5-chair salon, a one-bedroom apartment, and a pole barn with office, storage, and utilities.

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Duplex Income Property

207 North State Street, Gobles, MI 49055

$189,900

17,424 sqft

Duplex offers a rented 3-bedroom unit and a rented 1-bedroom unit with newer furnaces and separate gas metering.

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Duplex with Separate Utilities

518 Lincoln Road, Otsego, MI 49078

$349,900

1.22 AC lot

Two-unit duplex on 1.22 acres with separate utilities, updated major systems, and garages for each unit.

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Otsego Mixed-Use Investment Opportunity

120 N Farmer Street, Otsego, MI 49078

Contact for pricing

3,944 sqft

Turnkey 5-unit mixed-use building in downtown Otsego.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Vacant Land Near Downtown Allegan

VL North Street, Allegan, MI 49010

Contact for pricing

0.13 AC lot

Vacant land parcel near shopping, dining, parks, schools, riverfront.

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Land for Custom Home

B Rolling Ridge Road, Allegan, MI 49010

$130,000

3.95 AC lot

Land with space, privacy, and intentional living.

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Vacant Land in Pullman, MI

105th Avenue, Pullman, MI 49450

$135,000

5.00 AC lot

5-acre vacant residential land parcel in Pullman, Michigan.

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Land Near Lake Michigan Access

000-D 118th Avenue, Fennville, MI 49408

$225,000

8.70 AC lot

8.7 acres near Lake Michigan access for sale.

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Off-Market Properties in Allegan, MI

Consider similar Off-Market properties in Allegan, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

Multifamily properties

110-106 Locust St, Allegan, MI 49010

Value Estimation by Request

6,600 sqft 0.11 AC lot

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Allegan, MI Residential Income Properties Market Trends and Statistics

Explore 8 residential income properties for sale in Allegan, MI, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 21,923 square feet of properties for sale, with an estimated market value of $3,169,900.

Sale prices for residential income properties in Allegan, MI start at $169,900, averaging $452,842, and reaching up to $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 18K

Population Growth (5Y) +4.5%

Median Household Income $72,361

College Educated 22.7%

High-Yield Neighborhoods for Investment

Identify Allegan submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
49010	$406.3K

Taxes & Financing

Tax Rate (average for all types) 3.99%

Property Tax per SF $66.02 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Allegan County

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

For-sale pricing trends across core commercial property types in Allegan County

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