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$425,000

  • Sold
  • Closed
  • Business
  • 6,670 Sq. Ft.
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Looking for a Great Investment Opportunity with a 9% Cap Rate or Return on Investment, Passing Environmental & Open Book Rent Roll for tenants & Expenses? The Building has new flat roof on both buildings, New commercial doors, new updated commercial space that rents 5 separate offices in one commercial space and another commercial business next door along with 3 apartments filled with long term tenants. Apartment 1 = $950/month Year Lease Apartment 2 = $1,000/month Year Lease Apartment 3 = $1,250/month 6 month Lease Office 1 = $550/month Year Lease Office 2 = $515/month Year Office 3 = $300 Office 4 = $300 Office 5 = Vacant Commercial Building 2 = $750/m 3 year lease Monthly Income $5,615 Owners pay for Water & Trash Only. No Yard Maintenance. No Snow Removal. Public Parking

Full Property Details for 134 W Allegan St

General

  • Sold For: $425,000
  • Taxes: $9,036
  • Status: Closed
  • Type: Business
  • Source: SWMRIC_MLS
  • MLS ID: 25022992
  • Added to Site: 242 day(s) ago

Business

  • Business Type: Other, Professional/Office, Professional Service

Interior

  • Interior Features: Broadband

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 6

Location

  • Area: Greater Kalamazoo - K
  • County: Allegan
  • Cross Streets: N FARMER STREET & W ALLEGAN ST
  • Driving Directions: Take Plainwell Exit off 131 to Otsego. Building is on the Right.

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning
  • Heating Type: Forced Air

Utilities

  • Utility Description: Natural Gas Connected, Electricity Connected

Structural Information

  • # Buildings: 2
  • Construction: Block, Brick, Metal Siding
  • Foundation: Block
  • Roof: Rubber
  • Square Feet: 6,670
  • Year Built: 1914

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size (Sq. Ft.): 4,356
  • Zoning: 201 COMMERCIAL-

Financial Considerations

  • Tax Amount: $9,036.91
  • Terms: Conventional, Cash
  • Tenant Pays: Electricity, Gas

Disclosures and Reports

  • Ownership: LLC
  • Legal Description: S'LY 73' OF LOT 10 EX THE W'LY 23.5' O.P. SEC 23 TAX MAP: 0.1 AC
  • Property ID: 54-100-010-00

Listed by Bellabay Realty (Middleville), Jenna Corson
Sold by City2Shore Real Estate Holland, Brendin DeVisser

Listing agent

— 134 W Allegan St —

  • Jenna Corson

    Bellabay Realty (Middleville)

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 134 W Allegan St

School District:Otsego Public Schools
NameGradesDistance
Otsego High School
550 Washington Street, Otsego, MI 49078
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 134 W Allegan St

Date
Details
Price
Change
Source
9/15/2025
Sold
$425,000
-7.59%
MLS
6/06/2025
Price Reduced
$459,900
-4.19%
MLS
5/20/2025
Listed
$480,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Bellabay Realty (Middleville), Jenna Corson
Sold by City2Shore Real Estate Holland, Brendin DeVisser

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134 W Allegan Street, Otsego, MI 49078 (MLS# 25022992) is a Business property that was sold at $425,000 on September 15, 2025. Want to learn more about 134 W Allegan Street? Do you have questions about finding other Business real estate for sale in Otsego? You can browse all Otsego real estate or contact a Coldwell Banker agent to request more information.