121 Locust Street

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121 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 4,780 square feet of total interior space
  • Located at 121 Locust Street within the city of Allegan
  • Versatile floor plate suitable for retail or professional office use
  • Property situated in an established and accessible downtown municipal corridor
  • Asset available for acquisition within the Michigan retail real estate market

What's Special

The 4,780 square foot storefront at 121 Locust Street presents a functional retail space in the heart of Allegan, Michigan. This asset provides a versatile layout suitable for a range of commercial endeavors, including boutique retail, professional services, or local showroom operations. Situated within a historic and accessible downtown corridor, the property benefits from the steady pace of this growing Michigan municipality. Investors and business owners will find the location well-positioned to serve the immediate local population and surrounding residential neighborhoods. Allegan remains a key transit point in the region, supporting a mix of commerce and community-focused businesses. The building design offers flexibility for various interior configurations, allowing incoming tenants or owner-occupants to tailor the square footage to specific operational needs. With its central placement, this retail asset serves as a reliable anchor point for commerce within the county seat. The layout accommodates high-traffic retail or destination-based commercial ventures seeking a foothold in a stable, established market.

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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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