5180 Lk Michigan Dr, Allendale, MI 49401-9582
This exceptional 2,625-square-foot retail or restaurant space, located at 5180 Lake Michigan Dr in Allendale Charter Twp, MI 49401, presents a unique investment opportunity. Built in 2013, this Class A property boasts a single-story building on a 0.86-acre lot, offering ample space for a variety of commercial uses. The property features 27 parking spaces and a prominent monument sign, ensuring high visibility. Benefiting from a strategic location, it shares curb cuts with a neighboring shopping center and Culver's, providing convenient access from both Lake Michigan Drive (25,434 vehicles per day) and 52nd Avenue (3,863 vehicles per day). Its proximity to Grand Valley State University (GVSU), just 1.25 miles west, is a significant advantage, given GVSU's substantial and growing student population of 22,269, including a record-breaking incoming class of 4,974 students in Fall 2023. Situated in the rapidly expanding Allendale township within Ottawa County—Michigan's fastest-growing county—this property is ideally positioned to capitalize on the area's robust population growth. Allendale's population has increased significantly in recent years, with projections indicating continued expansion. This prime location, combined with the property's features and the area's strong demographics, makes this an attractive opportunity for businesses seeking high visibility and a thriving market.
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Cold Stone Creamery Bakery Specialty Food Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.