11700 48th Ave

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11700 48th Ave

Allendale, MI 49401
Asking Price
$23.00M
Asset Type
Industrial
Class
Class B

What's Special

11700 48th Ave is located in Allendale, Michigan, situated within Ottawa County. The property is positioned in a mixed-use corridor characterized by a blend of agricultural land, residential pockets, and light industrial developments. It sits in close proximity to the Grand Valley State University main campus, providing access to local retail services and dining amenities along Lake Michigan Drive (M-45). The location offers logistical connectivity to the regional transportation network, with Lake Michigan Drive serving as a primary arterial link between the cities of Grand Rapids and Grand Haven. This industrial asset is suited for small to mid-scale manufacturing, regional distribution, or specialized trade services. The facility layout and strategic location make it a functional choice for tenants in the construction, landscaping, and logistics sectors requiring proximity to both the lakeshore and the greater Grand Rapids metropolitan area. Typical occupants for this property profile include regional service contractors, light assembly operations, or companies seeking satellite warehouse space to serve the growing population centers of West Michigan.

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NOI
$80,000
Cap Rate
0.35%
DSCR
0.06
Underwater
Cash-on-Cash
-18.63%
Monthly Payment
$113,791.451
Annual Cash Flow
$-1,285,497.409

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