Technical
Financial
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Property profile

5180 Lk Michigan Dr Allendale, MI 49401

OFF-MARKET
Drive through restaurants
Property ID
US43-4011698
2,596 SF 0.87 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 2,596 SF
Lot 0.87 ac (38,071 SF)
APN 70-09-25-200-070
UPID US43-4011698

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop

Location

5180 Lk Michigan Dr Allendale, MI 49401-9582
Allendale metro Census 24401 GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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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
$1.27M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2021
$986,022
2019
Price N/A
2019
$50,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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