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    FOR SALE
    Turn key restaurants

    177 M 89, Plainwell, MI 49080-9555

    504 SF 3.07 ac lot Built 2011
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US43-2586723
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 2011
    Total area 504 SF
    Lot 3.07 ac (133,729 SF)
    APN 08-036-013-10
    UPID US43-2586723
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Allynn Property Solutions LLC · 18 yrs held
    Allynn Property Solutions LLC
    since 2007
    1 recorded transaction
    2007
    $44,200
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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