118 Locust

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118 Locust

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 118 Locust in Allegan
  • Total building footprint spans 10,950 square feet
  • Asset serves the established Allegan County commercial market
  • Interior configuration supports versatile retail or service use
  • Centrally positioned within the downtown district area

What's Special

Allegan serves as a significant hub within Allegan County, providing a steady commercial environment for local business operations. Situated at 118 Locust, this 10,950-square-foot retail storefront occupies a prominent position in the downtown district. The property benefits from the regional economic activity typical of this Michigan market, which supports a diverse mix of consumer-facing enterprises. This asset offers substantial floor space suitable for various retail or commercial applications. The flexible interior layout accommodates businesses ranging from boutique shops to service-oriented entities looking for a central location. Proximity to local infrastructure ensures accessibility for both patrons and operations, making this an functional acquisition for investors or owner-users seeking a presence in a stable, established community.

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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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