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 located at 138 Water Street in Allegan, MI.
  • Property features a total footprint of 816 square feet.
  • Centrally positioned within the primary commercial hub of the city.
  • Asset layout supports boutique retail or professional service office usage.
  • Located in a well-established community within the Michigan region.

What's Special

The storefront at 138 Water Street in Allegan, Michigan, provides 816 square feet of retail space. Situated within the city's commercial district, the property occupies a central location that benefits from the surrounding established community and local foot traffic typical of this regional market. Allegan serves as a key hub in the area, offering a blend of historical charm and steady economic activity that supports various small business operations. Given the versatile layout of this retail asset, it is well-suited for boutique shops, professional service offices, or specialized service providers looking for a visible storefront. Its placement in the heart of the city allows for convenient accessibility for both residents and visitors exploring the downtown area. Investors and business owners will find this compact property an efficient footprint for establishing or expanding a presence in the Michigan market, where accessible commercial spaces remain a functional component of the local business landscape.

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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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