6101 Lk Michigan DrAllendale Charter Township, MI 49401

Property Details for 6101 Lk Michigan Dr

Lot size

4.86 AC

Property size (Sq ft)

29,068 SF

Property type

Outlet malls

APN

70-09-23-300-115

APU

700923300115

Description

This exceptional retail opportunity is located within the thriving Heritage Towne Center, situated at the highly visible corner of 60th Street and Lake Michigan Drive in Ottawa County. The center boasts a strong tenant mix, including established businesses like Snap Fitness, Family Farm and Home, and Dollar General, ensuring high foot traffic and brand recognition. This 7,674 square foot building offers multiple suites for lease, with a minimum divisible space of 810 square feet and a maximum contiguous space of 2,069 square feet. Currently, 5,614 square feet are available for lease, spread across four vacant suites. The property is zoned PUD (Planned Unit Development), offering flexibility for a variety of retail uses. Its strategic location just west of Grand Valley State University's campus provides access to a large student population and surrounding residential communities. The area is experiencing significant growth, with recent additions such as Arby's, O'Reilly Auto Parts, and Culver's further enhancing the commercial appeal. The property's APN is 70-09-24-400-017. This is an ideal location for businesses seeking high visibility and a strong customer base in a rapidly developing area. Don't miss this chance to establish your business in this vibrant retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $7,804,324

  6.5%

  $7,203,991

  7%

  $6,689,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,540,990

  Geo Method

  $9,540,990

• Alternative Use

  Use

  Valuation

  Residential

  $6,076,836

  Hospitality

  $5,566,349

  Educational

  $4,631,137

  Medical

  $4,790,409

  Retail

  $7,203,991

Location Insight

City

Allendale

County

Ottawa

State

Michigan

Latitude

42.9737

Longitude

-85.9373

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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