Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5630 Lake Michigan Dr Allendale, MI 49401
    Back to Search
    Property profile & analytics

    5630 Lake Michigan Dr Allendale, MI 49401

    View on Map
    • Commercial land
    • 1.01 lot acres
    For Lease
    View Listing →
    Modern Office Space in Allendale For Lease
    Contact for pricing

    Modern Office Space in Allendale

    Newly constructed office space in a prime Allendale location.

    5630 Lake Michigan Dr, Allendale, MI 49401
    View Listing
    Property ID
    US43-2003605
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 5630 Lake Michigan Dr

    Lot size
    1.01 lot acres
    Property type
    Commercial land
    APN
    70-09-26-227-037
    APU
    700926227037

    Description

    This stunning, newly constructed (2023) Class A office building in Allendale, located at 5630 Lake Michigan Drive, offers 6,000 square feet of versatile space. The building features a contemporary design with ample natural light, creating a productive and inviting work environment. The property is situated on a prominent corner lot at the intersection of Lake Michigan Drive and 56th Avenue, providing excellent visibility and accessibility. The building consists of two stories and is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire 6,000 square feet or for multiple tenants to lease individual suites. Flexible lease terms are available, with a minimum divisible space of 3,000 square feet and a maximum contiguous space of 6,000 square feet. This exceptional location offers easy access to the Lake Michigan shoreline and the vibrant downtown Grand Rapids market, making it an ideal choice for businesses seeking a prestigious and convenient address in Ottawa County. The building's modern design and prime location combine to create an unparalleled opportunity for businesses seeking a high-quality office space. Two suites are immediately available, with the option to combine them for a larger footprint.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Allendale
    County
    Ottawa
    State
    Michigan
    Longitude
    -85.925
    Latitude
    42.9718
    CBSA code
    24340
    CBSA name
    GRAND RAPIDS-WYOMING, MI METROPOLITAN 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
    2022
    $3,180
    $0.00
    $0.00
    $85,200
    -
    $0.00
    $0.00
    $170,400

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      10297 48th Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      10297 48th Ave, Allendale, MI 49401-9379
      View Details
    • Value Estimation by Request
      29.00 Acres

      10686 52nd Ave

      VACANT COMMERCIAL LAND • 29.00 Acres
      10686 52nd Ave, Allendale, MI 49401-8132
      View Details
    • Value Estimation by Request
      0.11 Acres

      4890 Pierce St

      VACANT COMMERCIAL LAND • 0.11 Acres
      4890 Pierce St, Allendale, MI 49401-8246
      View Details
    • Value Estimation by Request
      69.19 Acres

      10694 48th Ave

      VACANT COMMERCIAL LAND • 69.19 Acres
      10694 48th Ave, Allendale, MI 49401-8130
      View Details
    • Value Estimation by Request
      2.61 Acres

      10929 48th Ave

      VACANT COMMERCIAL LAND • 2.61 Acres
      10929 48th Ave, Allendale, MI 49401-9380
      View Details
    • Value Estimation by Request
      2.61 Acres

      10865 48th Ave

      VACANT COMMERCIAL LAND • 2.61 Acres
      10865 48th Ave, Allendale, MI 49401-8131
      View Details

    Similar Nearby for Sale

    • $249,900
      1.34 Acres

      Allendale Commercial Land Opportunity

      Highly visible land parcel in Allendale, ideal for development.
      5195 Lake Michigan Dr, Allendale, MI 49401
      View Details
    • $274,900
      6.04 Acres

      Acreage Lot Near Grand Rapids

      Land with acreage, conveniently located near Grand Valley State University.
      Fillmore St, Allendale, MI 49401
      View Details
    • $154,900
      Pending

      Acreage Lots Near Grand Rapids

      Acreage lots in Hudsonville schools, near Grand Valley State.
      Fillmore St, Allendale, MI 49401
      View Details
    • $899,900
      30.28 Acres

      Allendale 30-Acre Development Opportunity

      30-acre property near GVSU, ideal for residential or development.
      9905 52Nd Ave, Allendale, MI 49401
      View Details
    • $139,900
      2.55 Acres

      Acreage Lots Near Grand Rapids

      Acreage lots available near Grand Rapids and the lakeshore.
      Fillmore St, Allendale, MI 49401
      View Details
    • $274,900
      6.04 Acres

      Allendale Acreage Lots Available

      Acreage lots in Hudsonville schools, near Grand Valley State.
      Fillmore St, Allendale, MI 49401
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Retail Space Near University Campus

      1,752 SF retail space near Grand Valley State University.
      10745 48Th Ave, Allendale, MI 49401
      View Details
    • Contact for pricing

      Retail Space in Heritage Center

      Retail space available in a vibrant Allendale shopping center.
      6101 Lake Michigan Dr, Allendale, MI 49401
      View Details
    • Contact for pricing

      Modern Office Space in Allendale

      Newly constructed office space in a prime Allendale location.
      5630 Lake Michigan Dr, Allendale, MI 49401
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5630 Lake Michigan Dr
    Allendale, MI 49401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5630 Lake Michigan Dr, Allendale, MI, 49401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!