5180 Lake Michigan Dr

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5180 Lake Michigan Dr

allendale, MI 49401
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

5180 Lake Michigan Drive is situated in the heart of Allendale, Michigan, positioned along the primary east-west corridor connecting Grand Rapids to Lake Michigan. The surrounding neighborhood is characterized by a mix of commercial developments and residential communities, anchored by the significant presence of Grand Valley State University. This location offers high visibility and ease of access via a established roadway network, with proximity to local schools, parks, and regional shopping centers. The asset is suitable for a variety of retail applications, including service-oriented shops, boutique storefronts, or franchise operations. Given the high volume of daily traffic and the nearby student population, the location supports businesses targeting local residents, commuters, and university affiliates. Typical tenants include food and beverage providers, medical offices, and convenience-based retail services.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

Location & Travel Times