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    552 Allegan St Plainwell, MI 49080

    Sponsored
    For Lease
    Contact for pricing

    1.76 Acres, Single Tenant Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.76-acre commercial land parcel presents a unique investment opportunity in the thriving Plainwell, Michigan market. Located at 552 W Allegan St, this property boasts a highly desirable Commercial zoning designation, allowing for a wide range of development possibilities. The expansive lot size offers ample space for construction of a new building or expansion of an existing business. Its convenient location near the intersection of Allegan Street and Prince Street ensures high visibility and accessibility for potential customers and employees. The property's address is officially listed as 552 W Allegan St, Plainwell, MI 49080, and its parcel number is 55-030-077-01. Situated within the Plainwell submarket, this land benefits from its proximity to the larger Plainwell, Otsego, Allegan, and Kalamazoo area, providing access to a robust regional economy and diverse workforce. The single-tenant designation offers flexibility for developers seeking to create a tailored space for a specific business or attract a high-value tenant. This property is ready for immediate development, making it an ideal investment for those seeking a prime location in a growing Michigan community. The property's geographic coordinates are 42.44700180903237 latitude and -85.65100040615236 longitude. This is a rare opportunity to acquire a significant commercial land holding in a strategic location.

    Property Features for 552 Allegan St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 1.76‑acre commercial land parcel in Plainwell, MI, zoned for a wide range of development opportunities.
    • Highly visible location at 552 W Allegan St, near the intersection of Allegan and Prince Streets.
    • Parcel number 55‑030‑077‑01.
    • Prime location offering access to a robust regional economy and diverse workforce in the Plainwell, Otsego, Allegan, and Kalamazoo area.
    • Ready for immediate development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plainwell
    County
    Allegan
    State
    Michigan
    Longitude
    -85.651000406152
    Latitude
    42.447001809032

    Nearby Comparable

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    Nearby Similar for Lease

    • $9 SF/Yr
      Pending

      Restaurant Ready in Downtown Plainwell

      2,063 SF restaurant space with incentives in vibrant downtown.
      137 N Main St, Plainwell, MI 49080
      View Details
    • $4 SF/Yr
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      Commercial Space in Plainwell, Michigan

      Commercial space with immediate occupancy, parking, and heating.
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      View Details
    • $16 SF/Yr
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      Mixed-Use Building in Downtown Plainwell

      2,400 SF mixed-use building in the heart of Plainwell.
      108 S Main St, Plainwell, MI 49080
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      5,000 SF

      Prime Plainwell Office Space

      2,500 SF Office, Immediate Occupancy
      1289 M-89, Plainwell, MI 49080
      View Details

    FAQs

    What type of property is this?
    Land - 1.76 Acres, Single Tenant Potential
    Where is this land located?
    The property is located at 552 Allegan St Plainwell, MI.
    What are key features of this property?
    This property features: 1.76-acre commercial land parcel in Plainwell, MI, zoned for a wide range of development opportunities.; Highly visible location at 552 W Allegan St, near the intersection of Allegan and Prince Streets.; Parcel number 55-030-077-01.
    Request Owner's contact information
    552 Allegan St Plainwell, MI 49080
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    Plainwell, MI 49080
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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
    552 Allegan St Plainwell, MI 49080
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