558 Water St Allegan, MI 49010

This exceptional commercial property, located at 558 Water Street in historic Allegan, Michigan (49010), presents a unique investment opportunity. The property consists of a 14,000 square foot, two-story building, previously occupied by Ace Hardware, situated on a 2.85-acre lot spanning three parcels. The building, constructed in 1990 and classified as Class B, offers significant street frontage with large display windows. The basement provides both interior and exterior access points. Included are two pole barns with power, and additional vacant land ideal for expansion along the Kalamazoo River. The property boasts 720 feet of Kalamazoo River frontage and 250 feet of road frontage on Monroe and Grand Streets. The sale is a fee simple ownership, with a NNN lease type, and is currently vacant. The property is comprised of three units and offers substantial potential for redevelopment or repurposing within this thriving Allegan community. The asking price is $1,200,000. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant riverfront access.