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134 W Allegan Street Otsego, MI 49078
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 6,670 sqft
Price per Sqft $63
Municipality Otsego City
MLS Listing ID 25022992
Sold Date 09/15/25
Full Baths 6
Year Built 1914
Annual Tax Amount $9,036
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 59X73
Property Sub-Type Business
Source Michigan Regional Information Center (MichRIC)
Property Description
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
Location
State MI
County Allegan
Area Greater Kalamazoo - K
Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.
Interior
Interior Features Broadband
Heating Forced Air
Cooling Central Air
Exterior
Utilities Available Natural Gas Connected, Electricity Connected
View Y/N No
Roof Type Rubber
Building
Foundation Block
Structure Type Block,Brick,Metal Siding
New Construction No
Schools
School District Otsego
Others
Tax ID 54-100-010-00
Ownership LLC
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
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Bought with City2Shore Real Estate Holland
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