Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    291 12Th St Plainwell, MI 49080

    Sponsored
    For Sale
    $1,500,000

    Profitable Auto Shop, Excellent Cap Rate

    Property size:
    12,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Class A, 12,480 square foot auto shop in Plainwell, Michigan, is listed at $1,500,000. Currently leased to Gerber Collision & Glass, a nationally recognized brand with over 700 locations, this property offers a strong, passive investment opportunity. The lease, a Net-Net-Net (NNN) agreement with limited landlord responsibilities, provides a current annual rent of $94,500, increasing to $99,228 in July 2025. This translates to a 6.45% average cap rate. The tenant, Gerber Collision, is backed by a corporate guarantee from The Boyd Group. The property benefits from recent improvements, including a new roof and a resealed/restriped parking lot (September 2022). Located at 291 12th St, Plainwell, MI 49080, this high-volume store enjoys a prominent position as the only nationally recognized collision repair brand in the local market. To facilitate a smooth transaction, the seller will provide a current Phase I and II environmental report and a survey. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The property's strong tenant, recent improvements, and favorable lease terms make it an attractive investment for discerning buyers.

    Property Features for 291 12Th St

    General Information

    Property type
    Automotive properties
    Square Feet
    12,480 SF
    Class
    A

    HighLights

    • $1,500,000 asking price for a Class A, 12,480 square foot auto shop in Plainwell, MI.
    • Located at 291 12th St, Plainwell, MI 49080.
    • High‑volume Gerber Collision location with a corporate guarantee from The Boyd Group.
    • NNN lease with limited landlord responsibilities; current annual rent $94,500, increasing to $99,228 in 7/2025.
    • 6.45% average cap rate.
    • Recent roof replacement and parking lot resurfacing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Glass America Auto Glass Repair Service Gerber Collision & Glass Auto Body Shop Enterprise Rent-A-Car Car Rental Agency

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Plainwell
    County
    Allegan
    State
    Michigan
    Longitude
    -85.661709
    Latitude
    42.4420291

    Nearby Comparable

    • $925,000

      Retail Property in Plainwell

      Retail property available for sale in Plainwell, Michigan.
      618 Allegan St, Plainwell, MI 49080
      View Details
    • $375,000

      Retail Site Near US-131

      Flat, cleared retail site with highway visibility.
      12th St, Plainwell, MI
      View Details
    • $269,500
      2,400 SF

      Mixed-Use Building in Downtown Plainwell

      2,400 SF mixed-use building with office and apartment.
      108 S Main St, Plainwell, MI 49080
      View Details
    • $195,000
      1,960 SF

      Retail Space in Plainwell, MI

      Turnkey commercial space ideal for retail, office, or studio.
      120 E Bridge St, Plainwell, MI 49080
      View Details
    • $195,000
      2,175 SF

      Downtown Plainwell Retail Building

      2,175 SF retail building in downtown Plainwell for sale.
      137 East Bridge St, Plainwell, MI 49080
      View Details
    • New
      $149,900
      Pending

      Plainwell Commercial Development Opportunity

      3.4-acre commercial parcel in Plainwell's active growth corridor.
      771 N Main St, Plainwell, MI 49080
      View Details
    • $199,900
      12.57 Acres

      Otsego Land with Road Frontage

      12+ acres of land in great location, possible splits.
      1431 M-89 Hwy, Otsego, MI 49078
      View Details
    • $179,000
      1,352 SF

      Unique Building on High-Traffic Street

      Small building with high visibility and flexible floor plan.
      706 E Allegan St, Otsego, MI 49078
      View Details
    • New
      $450,000
      0.15 Acres

      Historic Grainery Converted Townhouse Building

      Unique income-producing property with endless possibilities in Plainwell, MI.
      721 E Bridge St, Plainwell, MI 49080
      View Details
    • New
      $450,000
      5,142 SF

      Historic Grainery Townhouse Building

      Unique 3-unit townhouse with historic character and income potential.
      721 E Bridge St, Plainwell, MI 49080
      View Details
    • $284,914
      26.81 Acres

      26.81 Acres in Alamo Township

      Secluded 26.81-acre parcel near Plainwell with building sites.
      N 12Th St, Plainwell, MI 49080
      View Details

    Nearby Similar for Sale

    • $499,900
      3,450 SF

      Established Diner Near Pine Lake

      Diner with pole barn on 3 acres near Pine Lake.
      938 Doster Rd, Plainwell, MI 49080
      View Details
    • New
      $450,000
      0.15 Acres

      Historic Grainery Converted Townhouse Building

      Unique income-producing property with endless possibilities in Plainwell, MI.
      721 E Bridge St, Plainwell, MI 49080
      View Details
    • New
      $450,000
      5,142 SF

      Historic Grainery Townhouse Building

      Unique 3-unit townhouse with historic character and income potential.
      721 E Bridge St, Plainwell, MI 49080
      View Details
    • $195,000
      1,960 SF

      Retail Space in Plainwell, MI

      Turnkey commercial space ideal for retail, office, or studio.
      120 E Bridge St, Plainwell, MI 49080
      View Details
    • $269,500
      2,400 SF

      Mixed-Use Building in Downtown Plainwell

      2,400 SF mixed-use building with office and apartment.
      108 S Main St, Plainwell, MI 49080
      View Details
    • $210,000
      1,668 SF

      Versatile Commercial Property in Plainwell

      Updated building suitable for office, retail, or service use.
      995 N 106Th Ave, Plainwell, MI 49080
      View Details
    • $195,000
      2,175 SF

      Downtown Plainwell Retail Building

      2,175 SF retail building in downtown Plainwell for sale.
      137 East Bridge St, Plainwell, MI 49080
      View Details
    • $925,000

      Retail Property in Plainwell

      Retail property available for sale in Plainwell, Michigan.
      618 Allegan St, Plainwell, MI 49080
      View Details

    FAQs

    What type of property is this?
    Automotive property - Profitable Auto Shop, Excellent Cap Rate
    Where is this automotive property located?
    The property is located at 291 12Th St Plainwell, MI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price for a Class A, 12,480 square foot auto shop in Plainwell, MI.; Located at 291 12th St, Plainwell, MI 49080.; High-volume Gerber Collision location with a corporate guarantee from The Boyd Group.
    Request Owner's contact information
    291 12Th St Plainwell, MI 49080
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    291 12Th St
    Plainwell, MI 49080
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    291 12Th St Plainwell, MI 49080
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.