Property profile

156 10th St Plainwell, MI 49080

OFF-MARKET
Flex space
Property ID
US43-2694407
14,221 SF 0.38 ac lot Built 1965
Entity Owned 17-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional industrial warehouse, located at 156 10th St, Plainwell, MI 49080, presents a compelling investment opportunity. The property boasts 14,221 square feet of space on a 1.34-acre lot, offering ample room for various industrial operations. Built in 1965 and renovated in 2008, the warehouse is zoned C-2, providing flexibility for a range of permitted uses. The asking price is $550,000, translating to a price per square foot of $38.68. The property features a single tenancy with a net-net lease in place for a 5-year term commencing April 1, 2024, and expiring March 31, 2029, leaving approximately 4.4 years remaining on the lease. The property's strategic location offers easy access to Highway 131, approximately 5 minutes away, enhancing its logistical advantages. The property's parcel numbers are 08-032-012-00 and 08-032-011-10. While the warehouse does not have dock-high doors, its substantial size and prime location make it an attractive proposition for businesses seeking a well-maintained industrial space in Allegan County, Michigan. This is a rare opportunity to acquire a well-positioned industrial asset with a strong lease in place.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1965
Total area 14,221 SF
Lot 0.38 ac (16,422 SF)
APN 08-032-012-00
UPID US43-2694407

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Corporate Office

Location

156 10th St Plainwell, MI 49080-9746
Plainwell metro Census 32100 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
$1.03M
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 156 10th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
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