This exceptional 1,200 square foot retail space is available for lease in the vibrant Town Center Plaza, located at 6193 Lake Michigan Drive, Allendale, MI 49401 (APN: 70-90-223-300-104). Situated in Ottawa County, this inline/strip center storefront offers unparalleled visibility and accessibility. The property boasts two convenient ingress/egress points, ensuring easy access for customers and deliveries. Benefit from the high daily traffic count exceeding 25,000 vehicles, guaranteeing significant exposure for your business. This prime location is just minutes from Grand Valley State University's campus, drawing a large student population and local residents. The plaza enjoys a strong tenant mix, including established businesses such as Dollar Tree, Subway, UPS, and H&R Block, creating a synergistic environment. Nearby retailers further enhance the area's appeal, with prominent businesses like Family Farm & Home, Snap Fitness, The Nest Egg, Family Fare, and Dollar General all within close proximity. This space presents a unique opportunity to establish or expand your retail presence in a thriving and well-established commercial center. The property is categorized as a multiple-tenancy retail space.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$5,404,068
6.5%
$4,988,370
7%
$4,632,058
Comparable approach
Method
Valuation
Relative Method
$6,606,614
Geo Method
$6,606,614
Alternative Use
Use
Valuation
Residential
$4,207,876
Hospitality
$3,854,392
Educational
$3,206,809
Medical
$3,317,096
Retail
$4,988,370
Location Insight
City
Allendale
County
Ottawa
State
Michigan
Latitude
42.9729
Longitude
-85.9386
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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