Property profile

601 W Allegan St Plainwell, MI 49080

FOR LEASE
Commercial land
Property ID
US43-2104069
0.33 ac lot
Entity Owned 12-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.33 ac (14,505 SF)
APN 55-190-056-00
UPID US43-2104069

Cap rate & NOI

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

Location

601 W Allegan St Plainwell, MI 49080
Plainwell metro Census 32000 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2013
1 recorded transaction
2013
$144,117

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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