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1301-1307 M 89
Plainwell, MI 49080
Retail Property For Sale
Investment Highlights
- Strong Retail Positioning & Co-Tenancy
- Growing Trade Area with Regional Connectivity
- High Traffic Corridor with Excellent Accessibility
- Established Community with Consistent Demand Drivers
Executive Summary
Subject property is a multi-tenant strip center featuring a balanced mix of national and local tenants. The property is well-positioned along M-89 in Plainwell, offering strong visibility and convenient access for both local residents and through traffic. It is strategically located across from the area’s primary big box retailer, providing convenient cross-shopping opportunities for Walmart customers and driving consistent retail traffic to the center. Its location along a primary retail corridor allows for seamless co-tenancy synergy with nearby retailers, further enhancing customer draw. The site benefits from multiple points of ingress and egress, ample on-site parking, and generous frontage along M-89, enhancing both accessibility and exposure.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,031 SF
Building Class
B
Year Built
2006
Price
$2,630,000
Price Per SF
$374.06
Cap Rate
7.50%
NOI
$197,250
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.91 AC
Parking
37 Spaces (6.38 Spaces per 1,000 SF Leased)
Frontage
192’ on M-89
Amenities
- Dedicated Turn Lane
- Pylon Sign
Property Taxes
| Parcel Number | 17-024-039-00 | Improvements Assessment | $339,100 |
| Land Assessment | $124,800 | Total Assessment | $463,900 |
Property Taxes
Parcel Number
17-024-039-00
Land Assessment
$124,800
Improvements Assessment
$339,100
Total Assessment
$463,900
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