1194 M 89Plainwell, MI 49080

  • Grocery and convenience stores
  • 1,484 SF
Off market
$12,483,480 Estimated

Property Details for 1194 M 89

Year built
1959
Lot size
1.25 AC
Property size (Sq ft)
1,484 SF
Property type
Grocery and convenience stores
APN
08-030-002-00
APU
803000200

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $234,707
    6.5%
    $216,653
    7%
    $201,177
  • Comparable approach

    Method
    Valuation
    Relative Method
    $201,023
    Geo Method
    $201,023
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $441,144
    Mixed-Use / Specialty
    $208,344
    Hospitality / Lodging
    $143,043
    Office
    $199,257
    Institutional / Educational
    $213,900
    Residential Income
    $250,263
    Multifamily
    $341,932
    Automotive / Energy
    $183,343
    Parking / Income-Based Land
    $70,715.20
    Restaurant / Food Service
    $92,277.30
    Healthcare / Senior Housing
    $221,381

Location Insight

City
Plainwell
County
Allegan
State
Michigan
Latitude
42.4496
Longitude
-85.6609
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
$8,059
$123,300
$104,900
$228,200
-
$246,600
$209,800
$456,400

FAQs

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