Property profile

919 Marshall St Allegan, MI 49010

FOR SALE
Turn key restaurants
Property ID
US43-2226436
540 SF 0.57 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.57-acre industrial parcel at 919 Marshall Street in Allegan, Michigan, presents a unique redevelopment opportunity. Currently undergoing site preparation, the property is cleared of existing structures and ready for immediate development. The site's prime location adjacent to a McDonald's restaurant ensures high visibility and significant traffic exposure, with over 15,000 vehicles passing daily. This translates to exceptional potential for a wide range of commercial ventures. The lot is zoned for commercial use and can accommodate a new building of up to 5,000 square feet, offering the possibility of incorporating a drive-thru feature. This is a rare chance to secure one of the last remaining prime commercial spaces in Allegan, offering significant potential for return on investment. The property boasts a total area of 540 square feet and is listed at $350,000. This price reflects the land's significant value and redevelopment potential, making it an attractive proposition for discerning investors and developers seeking a high-traffic, highly visible location in a thriving community. The seller is actively preparing the site for immediate construction, minimizing delays and maximizing the opportunity for swift development.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Total area 540 SF
Lot 0.57 ac (24,829 SF)
APN 51-310-026-00
UPID US43-2226436

Cap rate & NOI

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

Location

919 Marshall St Allegan, MI 49010
Allegan metro Census 31200 HOLLAND, MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
6 recorded transactions
2026
Price N/A
2024
Price N/A
2021
Price N/A
2019
$80,000
2013
$80,000
2009
$140,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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