Nursery Property with
New
For Sale
$825,000
6051 W Chicago Road, Allen, MI 49227
Commercial Sale, Allen, MI
Property Size4,572 SF
Lot Size10.00 Acres
Price / SF$180.45
Days on Market2
Property Features for 6051 W Chicago Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential
Bathrooms
5
Full bathrooms
4
Rooms
Basement, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 1
Elementary school district
Jonesville
Middle school district
Jonesville
High school district
Jonesville
Standard status
Active
APN
05-011-400-014-11-6-4
Size
4,572 SF
Lot size
10.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM E1/4 COR TH N 0 degrees 43'41"W ALG E SEC LN 612.48 FT TO C/L US-12 TH S 74 degrees 25'14"W ALG SD C/L 236.6 FT TO POB TH S 0 degrees 43'
Tax Annual Amount
4142
Legal Description
COM E1/4 COR TH N 0 degrees 43'41"W ALG E SEC LN 612.48 FT TO C/L US-12 TH S 74 degrees 25'14"W ALG SD C/L 236.6 FT TO POB TH S 0 degrees 43'
Utilities
Utilities
Propane
Sewer type
Septic Tank
Heating system
Radiant, Forced Air, Hot Water(Heating)
Cooling system
Central Air
Water source
Well
Building Details
Year built
2005
Number of units
3
Building materials
Vinyl Siding, Metal Siding
Roof type
Composition, Metal
Listing Agency:
Coldwell Banker Groves Real Estate
(517) 439-1511
Listed By:
Crystal Dane · License #6501439120
(517) 581-8103
Added: Nov 5
Last Checked: Nov 6 at 4:06AM
MLS# 26058728
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 6051 W Chicago Road in Allen, this 10-acre nursery property combines multiple greenhouses, a retail building, and two residences. The largest greenhouse measures 90 by 196 feet and has computerized irrigation, climate control, a propane heating system installed five years ago, and recently replaced plastic covering. A 42-by-64-foot greenhouse is used for storage; a starter greenhouse has wood or propane heat and a 16-by-30-foot head house.
The 40-by-50-foot retail store includes a walk-in cooler, bathroom, and breakroom, with a separate 16-by-16-foot outdoor cooler. The main residence is a 1,900-square-foot split-level built in 2005, with four bedrooms, two bathrooms, in-floor heat, and an attached 900-square-foot apartment or guest suite. A second ranch home has three bedrooms, one bathroom, and a basement; it is rented. Several wells and septic systems serve the property.
The 40-by-50-foot retail store includes a walk-in cooler, bathroom, and breakroom, with a separate 16-by-16-foot outdoor cooler. The main residence is a 1,900-square-foot split-level built in 2005, with four bedrooms, two bathrooms, in-floor heat, and an attached 900-square-foot apartment or guest suite. A second ranch home has three bedrooms, one bathroom, and a basement; it is rented. Several wells and septic systems serve the property.
Key Highlights
- 10‑acre nursery property with multiple greenhouses, retail space, and two residences
- 90‑by‑196‑foot greenhouse with computerized watering, climate control, propane heat, and replaced plastic covering
- 42‑by‑64‑foot greenhouse used for storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,175
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,500
$603.5K
Cap Rate 7%
$431,071
$431.1K
Cap Rate 9%
$335,278
$335.3K
Market Conditions
NOI Build-Up for 4,572 SF
Gross rent
$54.9K $12.00/SF
− Vacancy
−$6.6K −$1.44/SF
EGI
$48.3K $10.56/SF
− OpEx
−$18.1K −$3.96/SF
NOI
$30.2K $6.60/SF
Area
Hillsdale County, MI
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$603,500
Cap Rate 7%
$431,071
Cap Rate 9%
$335,278
Alternative Uses
Best Use
Mixed Use
$431.1K
$377.2K – $502.9K
NOI $30,175 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$726.5K
$635.7K – $847.5K
NOI $50,852 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 49227, MI
1,241
Population
554
Households
2.2
Avg Household Size
45
Median Age
15%
College-Educated
84%
High-School Grad
25.6 sq mi
ZIP Area
48
Density / Sq Mi
$51,848
Median Household Income
$36,875
Median Earnings
$733
Median Rent
$172,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Nursery and garden center - Greenhouse operations, a retail store, and two residences occupy the same 10-acre property.
Where is this nursery and garden center located?
The property is located at 6051 W Chicago Road Allen, MI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 10‑acre nursery property with multiple greenhouses, retail space, and two residences; 90‑by‑196‑foot greenhouse with computerized watering, climate control, propane heat, and replaced plastic covering; 42‑by‑64‑foot greenhouse used for storage
