177 M 89, Plainwell, MI 49080-9555
For Sale
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This 1.57-acre commercial lot in Plainwell, MI, boasts a prime M-89 location, ideal for a variety of businesses. Currently zoned C-1 Neighborhood Business, the property offers excellent visibility and accessibility. While a small existing building is present and can be relocated or removed, the main draw is the potential for significant development. The property is subject to a pending township approval for a lot split from an adjacent 1.5-acre parcel, which will result in a new legal description and lot size. An easement exists granting access from the main entrance to the adjoining eastern property. Utilities are already in place, including power, a well, septic system, and curb cuts. This makes the site exceptionally well-suited for businesses requiring quick access and convenient setup, such as drive-thrus (coffee shop, ice cream parlor), storage facilities, or car lots. The property's proximity to Lake Doster and a golf course adds to its appeal and potential for attracting customers. The 504 square foot building currently on site is easily removed or repurposed. This is a rare opportunity to acquire a highly visible and versatile commercial property in a desirable location. The final lot size will be determined upon completion of the pending lot split.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.