113 Locust Street

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113 Locust Street

Allegan, MI 49010
Asking Price
Contact for price
Asset Type
Storefront Retail
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Retail storefront property located at 113 Locust Street in Allegan.
  • The building features 5,865 square feet of usable floor area.
  • Property is situated in the state of Michigan with zip 49010.
  • Asset is currently available for purchase in the commercial market.
  • Location provides accessibility for customers in the downtown Allegan area.

What's Special

This retail storefront spans 5,865 square feet in the city of Allegan, Michigan. Positioned at 113 Locust Street, the property serves the local community within a region known for its steady regional commerce and historic downtown character. The asset offers a versatile layout suitable for a wide range of retail operations or service-based businesses looking to establish a permanent footprint in this growing area. Investors and business owners will find this location provides direct access to the local customer base, benefiting from the walkability and connectivity characteristic of the Allegan market. Given the structural configuration of the space, it functions well for specialized boutiques, professional showrooms, or general mercantile uses. Its presence in the city center ensures visibility and accessibility, making it a viable acquisition for those seeking a functional retail asset in a stable suburban Michigan environment.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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