601 W Allegan St, Plainwell, MI 49080
For Lease
1 / 5
This exceptional commercial land offering presents a rare opportunity in the thriving Plainwell submarket. Comprising two parcels totaling 0.533 acres, this property boasts excellent visibility and accessibility. The larger parcel measures 110 feet of frontage along Allegan Street by 132 feet deep, encompassing 0.333 acres. The second parcel, situated at 66 feet of frontage by 132 feet deep, adds another 0.20 acres to the total. The strategic corner location provides a high-traffic stoplight access point, ensuring maximum exposure for any development. Its proximity to Interstate 131 (within a quarter-mile) offers unparalleled convenience for commuters and businesses alike. The property is currently vacant, presenting a blank canvas for build-to-suit projects or land lease arrangements. Zoned for commercial use, this land is ideally suited for a variety of ventures. The APN numbers are 55-190-056-00 and 55-190-058-00. This property is situated within the Plainwell, Otsego, Allegan, and Kalamazoo submarket cluster, offering access to a robust regional economy and diverse customer base. Don't miss this chance to acquire a prime piece of commercial real estate in a rapidly growing area. The cross street is Prince Street.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.