551 AlleganPlainwell, MI 49080

  • Grocery and convenience stores
  • 2,460 SF
Off market
$4,278,000 Estimated

Property Details for 551 Allegan

Lot size
0.43 AC
Property size (Sq ft)
2,460 SF
Property type
Grocery and convenience stores
APN
55-340-004-00
APU
5534000400

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $389,069
    6.5%
    $359,141
    7%
    $333,488
  • Comparable approach

    Method
    Valuation
    Relative Method
    $333,232
    Geo Method
    $333,232
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $731,276
    Mixed-Use / Specialty
    $345,368
    Hospitality / Lodging
    $237,120
    Office
    $330,304
    Institutional / Educational
    $354,578
    Residential Income
    $414,857
    Multifamily
    $566,815
    Automotive / Energy
    $303,924
    Parking / Income-Based Land
    $117,223
    Restaurant / Food Service
    $152,966
    Healthcare / Senior Housing
    $366,979

Location Insight

City
Plainwell
County
Allegan
State
Michigan
Latitude
42.4468
Longitude
-85.6514
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
$10,960
$38,800
$149,800
$188,600
-
$77,600
$299,600
$377,200

FAQs

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