Property profile

0 Allegan & Van Buren County Allegan, MI 49010

OFF-MARKET
Land
418.78 ac lot
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Property summary

AI-generated overview

This exceptional 418.78-acre (+/-) portfolio in Allegan & Van Buren Counties, Michigan, presents a unique investment opportunity in the thriving blueberry industry. The property comprises nine individual tracts ranging from 4.96 acres (+/-) to 118.72 acres (+/-), offering flexibility for various investment strategies. Currently, 306.29 acres (+/-) are planted with blueberries, utilizing both drip and overhead irrigation systems. The land benefits from ideal growing conditions, including sandy soil with a pH of 4.5-5.5, high water tables, and a favorable microclimate near Lake Michigan, mitigating frost and providing optimal summer temperatures. Allegan and Van Buren Counties boast a rich agricultural heritage, with many family-run farms contributing to a reliable supply chain and agritourism opportunities. No farm lease exists for the 2025 growing season, providing immediate development potential. This portfolio is ideal for expansion of an existing operation or as a standalone investment, capitalizing on the region's established blueberry industry and favorable growing conditions. Individual tract sizes are: Tract 1: 4.96 acres (+/-)

Property profile

Verified
Property type Land
Lot 418.78 ac (18,242,057 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Allegan & Van Buren County Allegan, MI 49010
Allegan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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