138 Water Street

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138 Water 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 138 Water Street in Allegan.
  • The building features an efficient footprint of 864 square feet.
  • Property is situated within the historic downtown commercial district.
  • Asset is well-suited for boutique retail or professional office use.
  • Allegan serves as a significant regional hub for commerce and tourism.

What's Special

This 864-square-foot retail storefront sits at 138 Water Street in Allegan, Michigan. Positioned within the heart of a charming, historic downtown district, the property benefits from the steady flow of local pedestrian traffic and a community-focused commercial environment. Allegan remains a key hub in the region, characterized by its steady agricultural ties and growing interest in regional tourism and local business development. The layout provides a compact footprint suitable for specialty boutiques, professional services, or niche creative studios. Its central location allows owners to leverage the existing character of the district to attract neighborhood clientele. Businesses seeking a manageable overhead in a classic Michigan setting will find this storefront a practical candidate for operations.

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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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