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    1340 M-89 Otsego, MI 49078

    Sponsored
    For Lease
    Contact for pricing

    4.6 acres, M-89 frontage, build-to-suit potential.

    Lot size:
    200,376 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4.6-acre commercial property boasts 462 feet of prime road frontage on M-89 in Otsego, Michigan. Zoned for commercial use, this versatile site presents a unique opportunity for a single-tenant build-to-suit project or a multi-tenant development. The property's location within the Otsego submarket, part of the Plainwell, Otsego, Allegan, and Kalamazoo submarket cluster, offers excellent visibility and accessibility. The existing zoning allows for retail, office, and restaurant uses, providing flexibility for a variety of businesses. Whether you envision constructing a new building tailored to your specific needs or leasing the land, this property offers significant potential for growth and profitability. The property is currently vacant, providing a blank canvas for your vision. Its strategic location and ample space make it an ideal investment for businesses seeking a prominent presence in a thriving commercial area. The address is 1340 M-89, Otsego, MI 49078, conveniently located near 13th Street. This is a rare opportunity to acquire a substantial parcel of land in a desirable location.

    Property Features for 1340 M-89

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    200,376 SF

    Unit(s) available at that property

    Space
    Size
    200,376 SF

    HighLights

    • 4.6‑acre commercial lot with 462 feet of M‑89 frontage in Otsego, MI.
    • Zoned for commercial use, suitable for build‑to‑suit or multi‑tenant development.
    • Excellent visibility and accessibility in a thriving Otsego submarket.
    • Allows retail, office, and restaurant uses.
    • Vacant land ready for immediate development.
    • Located at 1340 M‑89, Otsego, MI 49078, near 13th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Otsego
    County
    Allegan
    State
    Michigan
    Longitude
    -85.674309912425
    Latitude
    42.449949779139

    Nearby Comparable

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      5,000 SF

      Prime Plainwell Office Space

      2,500 SF Office, Immediate Occupancy
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      Prime Plainwell Commercial Land

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      Prime Plainwell Commercial Land

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      601 Allegan St, Plainwell, MI 49080
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      Prime Plainwell Commercial Land

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      Restaurant Ready in Downtown Plainwell

      2,063 SF restaurant space with incentives in vibrant downtown.
      137 N Main St, Plainwell, MI 49080
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      Mixed-Use Building in Downtown Plainwell

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      Commercial Space in Plainwell, Michigan

      Commercial space with immediate occupancy, parking, and heating.
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    • $6 SF/Yr
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      Kalamazoo Industrial Space For Lease

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      Kalamazoo Industrial Space Available

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    • $1.00 SF/Yr
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      Kalamazoo Retail Land Opportunity

      Prime 9-acre site, build-to-suit potential.
      5010 D Ave, Kalamazoo, MI 49009
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    • $10 SF/Yr
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      Industrial Building Near M-89

      4,000 SF commercial building near M-89 in Allegan, MI.
      2569 111Th Ave, Allegan, MI 49010
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    • $6 SF/Yr
      89,000 SF

      Industrial Building Near US131

      Industrial building with high ceilings, ample power, and rail access.
      100 Eunice St, Parchment, MI
      View Details

    FAQs

    What type of property is this?
    Restaurant - 4.6 acres, M-89 frontage, build-to-suit potential.
    Where is this restaurant located?
    The property is located at 1340 M-89 Otsego, MI.
    What are key features of this property?
    This property features: 4.6-acre commercial lot with 462 feet of M-89 frontage in Otsego, MI.; Zoned for commercial use, suitable for build-to-suit or multi-tenant development.; Excellent visibility and accessibility in a thriving Otsego submarket.
    Request Owner's contact information
    1340 M-89 Otsego, MI 49078
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    Otsego, MI 49078
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1340 M-89 Otsego, MI 49078
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