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    Property profile & analytics

    541 Allegan St Otsego, MI 49078-1015

    • Drive through restaurants
    • 400 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $50,000
    Last Sale
    Mar 04, 2025
    $50,000
    Location Intelligence
    Property ID
    US43-2015839
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Legacy Roofing / Deck Builder / Kitchen Remodeler
    • Legacy Roofing & Restorations / Roofing Contractor / Bathroom Remodeler

    Property Details for 541 Allegan St

    Lot size
    0.15 lot acres
    Property size
    400 SF
    Property type
    Drive through restaurants
    APN
    54-320-049-00
    APU
    5432004900

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Otsego
    County
    Allegan
    State
    Michigan
    Longitude
    -85.7103
    Latitude
    42.4606
    CBSA code
    26090
    CBSA name
    HOLLAND, MI MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,084
    $5,600
    $14,400
    $20,000
    -
    $11,200
    $28,800
    $40,000

    Comparable in this City

    • Value Estimation by Request
      4,336 SF

      1369 M 89

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,336 SF
      1369 M 89, Otsego, MI 49078-9301
      View Details
    • Value Estimation
      $770,000
      3,288 SF

      1215 M 89

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,288 SF
      1215 M 89, Otsego, MI 49078
      View Details
    • Value Estimation
      $405,000
      2,196 SF

      1310 M 89

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,196 SF
      1310 M 89, Otsego, MI 49078
      View Details
    • Value Estimation by Request
      4.60 Acres

      1340 M-89

      Restaurants • 4.60 Acres
      1340 M-89, Otsego, MI 49078
      View Details
    • Value Estimation
      $110,000
      1,794 SF

      100 Allegan St

      RESTAURANT • 1,794 SF
      100 Allegan St, Otsego, MI 49078-1144
      View Details
    • Value Estimation by Request
      772 SF

      1443 M 89

      RESTAURANT • 772 SF
      1443 M 89, Otsego, MI 49078-9301
      View Details

    Similar Nearby for Sale

    • $1,283,000
      7,148 SF

      Turnkey Restaurant and Concert Venue

      Turnkey restaurant and concert venue with brewery and liquor license.
      117 E Allegan St, Otsego, MI 49078
      View Details
    • New
      $1,283,000
      7,148 SF

      Turn-Key Concert Venue & Restaurant

      Otsego concert venue and restaurant with brewery and liquor license.
      117 E Allegan St, Otsego, MI 49078
      View Details
    • $498,000
      3,420 SF

      Turnkey Restaurant in Historic Building

      Fully equipped restaurant with apartment in renovated historic building.
      113 N Farmer St, Otsego, MI 49078
      View Details
    • $199,900
      12.57 Acres

      Otsego Land with Road Frontage

      12+ acres of land in great location, possible splits.
      1431 M-89 Hwy, Otsego, MI 49078
      View Details
    • $65,000
      2.70 Acres

      Land in Otsego, Michigan

      Buildable land available in Otsego, refer to main listing.
      722 River Rd, Otsego, MI 49078
      View Details
    • $65,000
      2.50 Acres

      Land in Otsego, Michigan

      Buildable land available in Otsego, refer to main listing.
      722 River Rd, Otsego, MI 49078
      View Details
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    541 Allegan St
    Otsego, MI 49078-1015
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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