291 12Th St, Plainwell, MI 49080

Property Details for 291 12Th St

Year built

1998

Lot size

1.39 lot acres

Property type

Auto shops

APN

17-025-113-00

APU

1702511300

Description

This Class A, 12,480 square foot auto shop in Plainwell, Michigan, is listed at $1,500,000. Currently leased to Gerber Collision & Glass, a nationally recognized brand with over 700 locations, this property offers a strong, passive investment opportunity. The lease, a Net-Net-Net (NNN) agreement with limited landlord responsibilities, provides a current annual rent of $94,500, increasing to $99,228 in July 2025. This translates to a 6.45% average cap rate. The tenant, Gerber Collision, is backed by a corporate guarantee from The Boyd Group. The property benefits from recent improvements, including a new roof and a resealed/restriped parking lot (September 2022). Located at 291 12th St, Plainwell, MI 49080, this high-volume store enjoys a prominent position as the only nationally recognized collision repair brand in the local market. To facilitate a smooth transaction, the seller will provide a current Phase I and II environmental report and a survey. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location. The property's strong tenant, recent improvements, and favorable lease terms make it an attractive investment for discerning buyers.

Location Insight

City

Plainwell

County

Allegan

State

Michigan

Longitude

-85.6618

Latitude

42.4421

CBSA code

26090

CBSA name

HOLLAND, MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments