Listed by Callander Commercial
$450,000
800 E Allegan Street
Details
Property Type Office
Sub Type Traditional Office
Square Footage 1,872
Net Rentable (SqFt) 1,872
Units 1
Cap Rate 13.05%
NOI $58,739
Occupancy 100%
Tenancy Single
Brand/Tenant Stewart Title d/b/a Devon Title
Price per SqFt $240
Year Built 1976
Buildings 1
Stories 1
Acreage 0.480
Zoning C-1, Commercial
Investment Type Net Lease
Ceiling Height 10'
Office | 13.05% CAP | 1,872 SqFt
Marketing description
Investment opportunity with excellent highway visibility and convenient access in a high-traffic corridor. This well-maintained property features a newly renovated office space and is currently leased to Stewart Title d/b/a Devon Title, providing immediate income. Additional highlights include ample on-site parking, a full basement for storage or additional use, and updated mechanical systems, offering long-term reliability and minimal capital expenditure for a new owner.
Investment highlights
- Currently Leased to Devon Title
- Great Visibility
- Strong Signage Presence
- Highly Trafficked Corridor
Listing Contacts
Listed by Callander Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,739.00
$4,894.92/mo
Valuation Metrics
0
DSCR
13.05%
Cap Rate
13.05%
ROI
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