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Allendale, MI Specialty Properties for Sale

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Arby’s NNN Restaurant Property
Updated: Oct 4
Arby’s NNN Restaurant Property

5187 Lake Michigan Dr, Allendale, MI 49401

$2,378,000
2,109 sqft
2,109‑square‑foot Arby’s restaurant
Absolute NNN lease
Lease guarantee from RTM Operating Company, LLC, an Inspire Brands subsidiary
Located in Allendale, within the Grand Rapids metropolitan area
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Drive-Through NNN Restaurant Property
Updated: Sep 30
Drive-Through NNN Restaurant Property

5181 Lake Michigan Dr, Allendale, MI 49401

Contact for pricing
2,109 sqft
2,109‑square‑foot restaurant building constructed in 2018
Drive‑through included
12 years remaining on NNN lease, backed by a corporate Arby’s guarantee
Rent increases 10% every five years, with multiple renewal options
More than 47,000 residents within five miles in the Grand Rapids MSA
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Allendale, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 4 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Restaurant Building
Renovated Restaurant Building

932 Division Ave S, Grand Rapids, MI 49507

$2,084,001
7,274 sqft

The building includes banquet and restaurant areas and was renovated in 2024.

View details
Vacant Stand-Alone School Building
Vacant Stand-Alone School Building

863 7th St NW, Grand Rapids, MI 49504

Contact for pricing
36,949 sqft

Maintained freestanding building offering a vacant former elementary school configuration.

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Marina Boat Slip with Overhang
Marina Boat Slip with Overhang

135-135 Wharfside, Grand Haven, MI 49417

$94,900

The slip provides boating access to the Grand River and Lake Michigan from Wharf Marina.

View details
Private Marina Slip with Dock Box
Private Marina Slip with Dock Box

Grand Haven, MI 49417

$95,000

Private marina slip with added pilings, dock box, dedicated parking, and access to shared waterfront amenities.

View details

Off-Market Properties in Allendale, MI

Consider similar Off-Market properties in Allendale, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

10288 68th Ave
KENNEL

10288 68th Ave, Allendale, MI 49401-8359

Estimated value:
$425,000
2,151 sqft 2.51 AC lot
View details
6161 Lk Michigan Dr
VETERINARY, ANIMAL HOSPITAL

6161 Lk Michigan Dr, Allendale, MI 49401-9244

Estimated value:
$570,000
5,423 sqft 0.65 AC lot
View details
6651 Scott St
FUNERAL HOME

6651 Scott St, Allendale, MI 49401-9503

Estimated value:
$470,000
11,750 sqft 1.58 AC lot
View details
11272 Edgewater Dr
DAY CARE, PRE-SCHOOL

11272 Edgewater Dr, Allendale, MI 49401-8400

Estimated value: by Request
10,823 sqft 1.28 AC lot
View details

Allendale, MI Specialty Properties Market Trends and Statistics

Explore 6 specialty properties for sale in Allendale, MI on our real estate platform. These investment opportunities span a total of 4,218 square feet of properties for sale, with an estimated market value of $2,378,000.

Sale prices for properties in Allendale, MI average $2,378,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

NNN properties 2

Demographics Overview

Population 29K
Population Growth (5Y) +19.2%
Median Household Income $73,020
College Educated 52.3%

Taxes & Financing

Tax Rate (average for all types) 3.36%
Property Tax per SF $78.35 per SF
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Ottawa County

New Delisted

Total CRE Inventory on Market (SF)

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