618 Allegan St - Restaurant FOR SALE


Plainwell, MI 49080
$1,000,000 USD
248-579-5045
618 Allegan St, Plainwell, MI for Sale
$1,000,000 USD
Restaurant - FOR SALE
1/3
null | 9% Cap Rate

618 Allegan St
Plainwell, MI 49080


HIGHLIGHTS

  • Priced at an attractive Price Per Square Foot of $164 a foot. Well below Replacement Cost.
  • The property also has a strong rental history and ample parking available.
  • Affordable Rent PSF of $13 PSF
  • Large Lot Size - Property Sits on 1.50 +/- Acres
  • Experienced Operator with 3 Units
  • Located off of US 131 Which see's North of 34,000 Vehicles Per Day

OVERVIEW

Introducing a prime investment opportunity in the heart of Plainwell! This immaculate 5,540 square foot retail building offers a single tenant unit with a 100% occupancy rate. Boasting a spacious interior layout and a strong rental history, this well-maintained property is ideal for retail purposes. Ample parking further enhances its appeal. With a coveted location and a history of consistent occupancy, this property presents a compelling opportunity for investors seeking a free-standing retail building in a thriving commercial area. Directly across the street from the local hospital. This is a 1.5+/- Acre lot and an Hwy exit location near all major tenants.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$156 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Service Station, Storefront, Truck Stop

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

-

APN/PARCEL ID

55-030-089-52

ASK ABOUT THIS PROPERTY

Sal YaldoAPEX Commercial Real Estate AdvisorsMore Info
248-579-5045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sal YaldoAPEX Commercial Real Estate AdvisorsMore Info
248-579-5045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.