622 Allegan St Plainwell, MI 49080-1211
Property Lookup
Property profile & analytics
622 Allegan St Plainwell, MI 49080-1211
- Motels
- 34,801 SF
- 0.92 lot acres
Property ID
US43-2201897
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.
Location Intelligence
Current Use by Public Records
- otsego high school / Hotel & Motel
- Comfort Inn / Hotel & Motel
- The Heritage Banquet & Conference Center / Conference Center / Trade Show Venue
- Heritage Comfort and Conference / Wedding Service
Property Details for 622 Allegan St
- Lot size
- 0.92 lot acres
- Property size
- 34,801 SF
- Property type
- Motels
- APN
- 55-030-089-51
- APU
- 5503008951
Description
This exceptional 63-key Comfort Inn hotel presents a lucrative investment opportunity in Plainwell, Michigan. Located at 622 Allegan St, 49080, this 34,801 square foot property, built in 1987, offers significant potential for growth. The hotel boasts a strong average daily rate (ADR) of $127 and impressive 69% occupancy, exceeding the performance of comparable properties in the Grand Rapids and West Michigan submarkets. Its strategic location off Interstate 131 provides easy access for travelers, and its proximity to the Plainwell municipal airport (just one exit away) further enhances its appeal. The interior corridor design ensures guest comfort and security. The asking price for this established hospitality asset is $6,400,000. This represents a compelling opportunity to acquire a well-performing hotel in a desirable location with strong potential for future returns. The property's consistent performance and strategic positioning make it an attractive investment for experienced hospitality investors seeking a high-return asset in a growing market. Detailed financial information is available upon request.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Plainwell
- County
- Allegan
- State
- Michigan
- Longitude
- -85.6532
- Latitude
- 42.449
- 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
$67,179
$100,000
$1,081,900
$1,181,900
-
$200,000
$2,163,800
$2,363,800
