Cross Streets: Hubbard & Trowbridge
Property Sub-Type: Retail
Area: Greater Kalamazoo - K
Municipality: Allegan City
Principal Road: Yes
Ownership Type: Private Owned
Auction or For Sale: For Sale
List Price/SqFt: 53.03
Prop Avail for Lease?: No
Current Bldg Use: Office/Retail
New Construction: No
Lot Dimensions: 44.54 x 99 x Irr
Road Frontage: 44.54
Mineral Rights: Unknown
Waterfront: No
Body of Water: Kalamazoo River
Total # Units: 4
Total # Bldgs: 2
# Fin Bldg Lvls: 2
Total SqFt: 6600
Property Use Type: Business
Statewide Lakes & Rivers: Kalamazoo River
School District: Allegan
Lot Measurement: Acres
Lot Acres: 0.05
Lot Square Footage: 2222
Year Built: 1880
Full Baths: 2
Total Baths: 3
Taxable Value: 119017
SEV: 193700
For Tax Year: 2025
Seller's Annual Property Tax: 7393.46
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Known
Non-Conforming Use: No
Zoning: C1
Tax ID #: 51-205-018-00/019-00
Public Remarks: (2)Commercial Bldgs located in Downtown Allegan. Two-story late Victorian brick commercial buildings located in Central Business, Historical District of Downtown Allegan. Original upper facades, built in late 1800's. Street level features approx. 1650 sq.ft., retail or office space, per building. Exterior Shared Street Level Staircase to Upper level features 2 apartments in need of complete renovation; unoccupied. Full Basement
Legal: Legal Description located in Documents 2 parcels.
Public Access 1 Mile or Less: 1
Gross Op Income ($): 14400
Total Actual Rent: 14400
24 Hour Security: 1
Security System: 1
Business: 1
Net Leased (nnn): 1
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Phone Connected: 1
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
MEDC: 1
SWMI First, Region 5: 1
Unit Description: Insurance Office
SqFt: 1650
Occupied: Yes
Rent $/Month: 1200
# HVAC: 1
# Baths: 2
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Unit Description: Retail
SqFt: 1650
Occupied: No
# HVAC: 1
Tenant Pays Electric: 1
# Baths: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Unit Description: 2nd Story Apartments
SqFt: 1650
Occupied: No
Unit Description: 2nd Story Apartments
SqFt: 1650
Subject To Tenant Rights: 1
County: Allegan
Street #: 110-106
Street Name: Locust
Suffix: Street
State: MI
Zip Code: 49010
Zip (4): 1302
Status: Active
Current Price: $350,000
List Price: $350,000
Listing Date: 2024-02-19
Directions: M-89 to Hubbard Street Left on Locust to address.
Property Use: Business; Net Leased (nnn)
SqFt Information: 24 Hour Security; Security System
Water Type: River
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Ownership: LLC
Business Includes: Real Estate
Construction Type: Block; Frame/Wood
Exterior Material: Brick
Roofing: Rubber
Foundation: Combination; Stone
Below Grade: Basement; Full
Tenant Pays All: Electric; Gas; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs Req Conf Agrmnt: Leases
Sale Conditions: None
Send to Econ Dev Org: MEDC; SWMI First, Region 5
Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Possession: Subject To Tenant Rights