119 Locust Street

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119 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 spanning 1,743 square feet in Allegan.
  • Property is situated at 119 Locust Street in Michigan.
  • Located in the established downtown business district corridor.
  • Versatile floor plan suitable for various retail business models.
  • Market position offers exposure to local and regional residents.

What's Special

Retail operations seeking a prime storefront in Allegan will find this 1,743 square foot property at 119 Locust Street well-positioned for local commerce. The asset occupies a strategic spot within the downtown corridor of this Michigan community, providing high visibility for consumer-facing businesses. Its layout supports various retail configurations, from boutique shops to service-oriented storefronts looking to capture local foot traffic. Allegan maintains a stable regional economy, serving as a hub for the surrounding rural and residential populations in the county. Investors looking for a manageable retail footprint in a classic Midwest town setting should evaluate the potential for business stabilization or value-add improvements. The facility is ready for immediate occupancy or interior customization to meet specific operational needs for a new tenant or owner-occupier. This retail space represents a functional asset for entrepreneurs aiming to establish a presence within the active Allegan municipal district.

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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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