6193 Lake Michigan DrAllendale, MI 49401

  • Strip malls
  • 20,128 SF
For Lease
$14/SF/YR View listing

Property Details for 6193 Lake Michigan Dr

Lot size
2.33 AC
Property size (Sq ft)
20,128 SF
Property type
Strip malls
Property subtype
Neighborhood centers
APN
70-09-23-300-104
APU
700923300104

Description

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

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
2022
$37,461
-
-
$847,500
-
-
-
$1,695,000

FAQs

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