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: $299,000
Unit Price: $26.58 PSF
Property Use Type: Net Leased Investment (NNN)
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/23/2018

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
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