Office Building in Downtown Allegan for Sale

Office for Sale
Catylist Listing ID: 29925922
Property Subtypes: Office Building
Building Size (RSF): 11,250 SF
Gross Building Area: See Agent
Gross Land Area: 0.27 Acres
Sale Price: $329,900
Unit Price: $29.32 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2017

Overview / Comments

Office building in Downtown Allegan available for Sale with 11,250 SF on the main floor and 11,250 SF on the lower level. Building is 100% occupied with long-time tenants Perrigo, Allegan County News and Remington Insurance. Priced at a 10.54% capitalization rate. New roof was put on building in 2011 and most HVAC equipment is newer. Price reduced. Licensed real estate agent is a member of the selling LLC.

Additional Details

Nearest MSA: Holland
County: Allegan
Tax ID/APN: 03-51-105-208-00
Zoning: C-1
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1800
Lot Frontage: 94
Lot Depth: 125

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,068 8,594 14,251
Median Age: 34.89 38.09 40.12
Households: 1,700 3,356 5,527
© Copyright Commercial Alliance of REALTORS West Michigan. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.