For Sale
$360,000

110-106 Locust St Allegan, MI 49010

Historic Victorian buildings, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents two adjacent, two-story late Victorian brick commercial buildings situated in the heart of Allegan's central business and historic district at 110-106 Locust Street, Allegan, MI 49010. The property boasts a combined 6,600 square feet of net rentable space, currently 25% occupied, and is offered at $360,000 ($54.55/sq ft). Each building features approximately 1,650 square feet of street-level space ideal for retail or office use, showcasing original facades from the late 1800s. A shared exterior staircase leads to the upper level, which houses four apartments in need of renovation, presenting significant upside potential. The property includes full basements and a separate 290-square-foot single-stall garage located on a detached lot accessible from the back alley. The 0.109-acre lot is zoned C1. Built in 1880 and renovated in 2010, this multi-tenant (currently one tenant) mixed-use property (Multifamily, Office, Retail) offers a unique blend of historical charm and modern investment potential. The property is offered as an owner/user investment with a net lease type. The APN is 51-205-018-00 & 51-205-019-00. This is a for sale by owner listing.

Highlights

  • Upper-story potential for conversion into four residential apartments.
  • Street-level space ideal for office and retail use.

Property Details for 110-106 Locust St

Property type
Retail properties, Office properties
Square Feet
6,600 SF
Class
C
Year Built/Renovated
1880/2010
Buildings
2
Stories
2
Lot Size (sq. ft)
4,748 SF
Units
6

Location Insight

City
Allegan
County
Allegan
State
Michigan
Latitude
42.5279757
Longitude
-85.8490018

FAQs

What type of property is this?
Retail property - Historic Victorian buildings, high rental potential.
Where is the retail property located?
The property is located at 110-106 Locust St Allegan, MI.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Upper-story potential for conversion into four residential apartments.; Street-level space ideal for office and retail use.;
How can I contact the broker?
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110-106 Locust St
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