622 Allegan St Plainwell, MI 49080-1211
- Motels
- 34,801 SF
- 0.92 lot acres
Current Use by Public Records
- otsego high school / Hotel
- Comfort Inn / Hotel
- The Heritage Banquet & Conference Center / Conference Center / Banquet Hall
- Heritage Comfort and Conference / Banquet Hall
Property Details for 622 Allegan St
- Lot size
- 0.92 lot acres
- Property size
- 34,801 SF
- Property type
- Motels
- APN
- 55-030-089-51
- APU
- 5503008951
Description
This exceptional 63-key Comfort Inn hotel presents a lucrative investment opportunity in Plainwell, Michigan. Located at 622 Allegan St, 49080, this 34,801 square foot property, built in 1987, offers significant potential for growth. The hotel boasts a strong average daily rate (ADR) of $127 and impressive 69% occupancy, exceeding the performance of comparable properties in the Grand Rapids and West Michigan submarkets. Its strategic location off Interstate 131 provides easy access for travelers, and its proximity to the Plainwell municipal airport (just one exit away) further enhances its appeal. The interior corridor design ensures guest comfort and security. The asking price for this established hospitality asset is $6,400,000. This represents a compelling opportunity to acquire a well-performing hotel in a desirable location with strong potential for future returns. The property's consistent performance and strategic positioning make it an attractive investment for experienced hospitality investors seeking a high-return asset in a growing market. Detailed financial information is available upon request.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $695,000
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Location Insight
- Map
- Local Demand
- City
- Plainwell
- County
- Allegan
- State
- Michigan
- Longitude
- -85.6532
- Latitude
- 42.449
- CBSA code
- 26090
- CBSA name
- HOLLAND, MI MICROPOLITAN STATISTICAL AREA
