400 Water Street

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400 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).

  • Located at 400 Water Street in Allegan, Michigan
  • Retail storefront spanning 2,020 square feet of space
  • Property is currently available for purchase in this market
  • Versatile layout suitable for retail or service business use
  • Situated within an established commercial area of Allegan

What's Special

Allegan serves as a significant hub within southwestern Michigan, balancing a rich historical character with a growing regional economy. Positioned along Water Street, this 2,020 square foot retail storefront occupies a central location well-suited for businesses looking to establish a footprint in the local community. The area benefits from steady local traffic and a layout that supports diverse commercial engagement. This retail space provides a functional environment for various business models, ranging from boutique retail operations to professional service offices. Its size allows for efficient space planning, making it a viable acquisition for investors or owner-occupants focused on stabilizing their operations within this established market. Prospective buyers will find this storefront contributes to the ongoing commercial activity observed in the Allegan submarket, offering a practical solution for those seeking a permanent presence in the area.

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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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