552 Allegan StPlainwell, MI 49080

  • Commercial land
  • 1.70 AC

Property Details for 552 Allegan St

Lot size
1.70 AC
Property type
Commercial land
APN
55-030-077-01
APU
5503007701

Description

This exceptional 1.76-acre commercial land parcel presents a unique investment opportunity in the thriving Plainwell, Michigan market. Located at 552 W Allegan St, this property boasts a highly desirable Commercial zoning designation, allowing for a wide range of development possibilities. The expansive lot size offers ample space for construction of a new building or expansion of an existing business. Its convenient location near the intersection of Allegan Street and Prince Street ensures high visibility and accessibility for potential customers and employees. The property's address is officially listed as 552 W Allegan St, Plainwell, MI 49080, and its parcel number is 55-030-077-01. Situated within the Plainwell submarket, this land benefits from its proximity to the larger Plainwell, Otsego, Allegan, and Kalamazoo area, providing access to a robust regional economy and diverse workforce. The single-tenant designation offers flexibility for developers seeking to create a tailored space for a specific business or attract a high-value tenant. This property is ready for immediate development, making it an ideal investment for those seeking a prime location in a growing Michigan community. The property's geographic coordinates are 42.44700180903237 latitude and -85.65100040615236 longitude. This is a rare opportunity to acquire a significant commercial land holding in a strategic location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $10,878,763
    Hospitality
    $9,964,889
    Educational
    $8,290,670
    Medical
    $8,575,799
    Retail
    $12,896,598

Location Insight

City
Plainwell
County
Allegan
State
Michigan
Latitude
42.4477
Longitude
-85.6504
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
$1,643
$96,300
-
$96,300
-
$192,600
-
$192,600

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