Property summary
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
VerifiedCap rate & NOI
Current use
-
Corporate Office
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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