MI > Otsego
Otsego, MI 49078,134 W Allegan Street
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Matthew Stransky

Matthew Stransky

+1(248) 765-8788
$459,900
Est. payment /mo
6,670 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Business And Real Estate

Listing Status Pending

Purchase Type For Sale

Square Footage 6,670 sqft

Price per Sqft $68

MLS Listing ID 65025022992

Year Built 1914

Annual Tax Amount $9,036

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 59X73

Property Sub-Type Business And Real Estate

Source Greater Regional Alliance of REALTORS®

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 LeaseApartment 2 = $1,000/month Year LeaseApartment 3 = $1,250/month 6 month LeaseOffice 1 = $550/month Year LeaseOffice 2 = $515/month YearOffice 3 = $300Office 4 = $300Office 5 = VacantCommercial Building 2 = $750/m 3 year leaseMonthly Income $5,615 Owners pay for Water & Trash Only.No Yard Maintenance. No Snow Removal. Public Parking

Location

State MI

County Allegan

Area Otsego

Zoning Commercial

Direction Take Plainwell Exit off 131 to Otsego. Building is on the Right.

Interior

Heating Forced Air, Central Air

Heat Source Natural Gas

Exterior

Utilities Available Carbon Monoxide Alarm(s), Smoke Alarm

Roof Type Rubber

Building

Foundation Basement, Partial Basement

Sewer Public Sewer (Sewer-Sanitary)

Water Public (Municipal)

Structure Type Block,Brick,Metal Siding,Other

Schools

School District Otsego

Others

Tax ID 5410001000

Acceptable Financing Cash, Conventional

Rebuilt Year 2022

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Unknown/Data Share Listings

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Realcomp MLS
©2025 Realcomp II Ltd. Shareholders
Listed by Jenna Corson of Bellabay Realty (Middleville)

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agent

Matthew Stransky

Team Owner | License ID: 327649

+1(248) 765-8788

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134 W Allegan Street

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