Financial
Distress signals
Property profile

1071 32Nd St Allegan, MI 49010

FOR SALE
Turn key restaurants
Property ID
US43-2085532
18,018 SF 3.59 ac lot Built 1880
Last sale Nov 2022
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a restaurant and event facility comprising approximately 35,880 square feet of improvements and associated outdoor grounds of 22.3 acres at 1071 32nd Street in Trowbridge Township, Michigan. The complex includes The Grill House, operated as a steakhouse with a grill-your-own dining concept, and The Silo, an adjacent banquet and catering facility that supports weddings, community events, and catering functions. The improvements date to 1836 and are configured to accommodate

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value · 2024$870k
Assessed land$59k
Assessed improvement$811k
Effective rate2.84%

Value estimate

· Sep 2026
$520k
$468k – $572k
Submarket $/SF estimate$1.36M
NOI build-up
Gross scheduled income$555k
Vacancy & credit loss−$23k
Operating expenses−$133k
NOI · 13.76% cap applied$399k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$75 – $190

Cap rate analysis

How does the asset earn?
13.76%
$399k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service8.9
Plumbing Service8.7
Restaurant7.2

Location

1071 32Nd St Allegan, MI 49010
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1520 Lincoln, Allegan, MI 49010-8197 $215,000 Mar 2025 3,268 SF
4021 104th, Allegan, MI 49010-9136 $30,000 Apr 2024 5,084 SF
1287 Lincoln, Allegan, MI 49010-9778 $50,000 Jun 2023 5,136 SF
1169 26th, Allegan, MI 49010-9025 $135,000 Apr 2021 3,808 SF
1596 Lincoln, Allegan, MI 49010-9104 $1,640,000 Jan 2019 24,256 SF
1563 Lincoln, Allegan, MI 49010-9104 $1,440,000 Oct 2018 9,295 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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