106 Locust StAllegan, MI 49010

  • Commercial real estate
  • 3,590 SF
For Sale
$180,000 View listing

Property Details for 106 Locust St

Lot size
0.06 AC
Property size (Sq ft)
3,590 SF
Property type
Commercial real estate
APN
51-205-019-00
APU
5120501900

Description

This exceptional 3,300 square foot, two-story commercial building presents a rare opportunity in Allegan's vibrant Central Business and Historical District. Built in the late 1800s, this late Victorian brick structure boasts original upper facades, retaining its historical charm. The street-level space offers approximately 1,650 square feet of adaptable area, perfect for retail or office use. A convenient back alley entrance and an interior spiral staircase provide access to the upper level, which also encompasses approximately 1,650 square feet. The upper level currently requires renovation but holds significant potential for conversion into two apartments. A full basement adds further versatility. A separate 290-square-foot single-stall garage is situated on a detached lot accessible from the back alley. The property sits on a 0.06-acre lot. Note that a neighboring property at 110 Locust is available for sale only in conjunction with this listing and includes a life lease to the existing tenant at that address. This combined offering presents a unique investment opportunity for those seeking a blend of historical character and substantial redevelopment potential within a thriving downtown setting. The property is priced at $180,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $527,396
    Hospitality
    $483,092
    Educational
    $401,927
    Medical
    $415,750
    Retail
    $625,220

Location Insight

City
Allegan
County
Allegan
State
Michigan
Latitude
42.5279
Longitude
-85.849
CBSA code
26090
CBSA name
HOLLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,960
$7,100
$76,200
$83,300
-
$14,200
$152,400
$166,600

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