291 12Th St Plainwell, MI 49080
- Auto shops
- 12,480 SF
- 1.39 lot acres
Current Use by Public Records
- Glass America / Auto Glass Repair Service / Auto Glass Shop
- Gerber Collision & Glass / Auto Bodywork Mechanic / Auto Dent Removal Service
- Enterprise Rent-A-Car / Car Rental Agency / Van Rental Agency
Property Details for 291 12Th St
- Year built
- 1998
- Lot size
- 1.39 lot acres
- Property size
- 12,480 SF
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Plainwell
- County
- Allegan
- State
- Michigan
- Longitude
- -85.6618
- Latitude
- 42.4421
- CBSA code
- 26090
- CBSA name
- HOLLAND, MI MICROPOLITAN STATISTICAL AREA
