Downtown Mixed-Use Office-Retail
108 S Main Street Plainwell, MI 49080
108 S Main Street, Plainwell, MI, 49080
$220,000
For Sale
$220,000
COMMERCIAL - Plainwell, MI
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$91.67
Days on Market239
Property Features for 108 S Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Parking
- 2
- Standard status
- Active
- APN
- 55-160-009-00
- Size
- 2,400 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- On file.
- Tax Annual Amount
- 4956
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Vinyl Siding, Brick, Stone
Listing agency
Kalamazoo Commercial Real Estate
(269) 888-2755
Listed by
TJ Ward
(269) 569-4289
Added: Nov 24, 2025 Updated: Jun 12 at 11:42AM Checked: Jul 21 at 6:06PM
MLS# 25059719
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot mixed-use building offers a main level with a lobby opening into a flexible workspace, three private rooms, and a bathroom. The suite includes a rear entrance with covered parking, and basement access is available for additional storage. The second floor features a freshly remodeled two-bedroom apartment with rear stairwell access and an additional covered parking space.
The property is located in the heart of Downtown Plainwell at 108 S Main Street, within Allegan County, Michigan. The building’s internal access options support both day-to-day operations on the main level and private access to the upper apartment. The presence of covered parking on both levels helps accommodate residents and customers or employees.
With the property currently vacant, it can work well for an owner-occupant seeking to combine storefront or office use with onsite residential income. It also presents an option for an investor who wants the flexibility to lease the office/retail space and apartment separately, based on how the units are set up and accessed within the building.
The property is located in the heart of Downtown Plainwell at 108 S Main Street, within Allegan County, Michigan. The building’s internal access options support both day-to-day operations on the main level and private access to the upper apartment. The presence of covered parking on both levels helps accommodate residents and customers or employees.
With the property currently vacant, it can work well for an owner-occupant seeking to combine storefront or office use with onsite residential income. It also presents an option for an investor who wants the flexibility to lease the office/retail space and apartment separately, based on how the units are set up and accessed within the building.
Key Highlights
- 2,400 SF mixed‑use building in Downtown Plainwell with office/retail space and a 2‑bedroom apartment
- Main level includes lobby, flexible workspace, three private rooms, and a bathroom, plus a rear entrance
- Rear covered parking on the main level, with additional covered parking for the second floor apartment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $11.16 |
| − Vacancy | −$1.4k | −$0.59 |
| EGI | $25.4k | $10.57 |
| − OpEx | −$7.6k | −$3.17 |
| NOI | $17.8k | $7.40 |
2,400 SF · lease $11.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Office B
$377.7K
$330.5K – $440.7K
NOI $26,439 @ 7.0% cap · market cap 12.02%
Second Best
Multifamily LT 5
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 8.07%
Theoretical Best
Hotel Hospitality
$22.54M
$19.72M – $26.29M
NOI $1,577,694 @ 7.0% cap · market cap 717.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Data Pro Inc
(Bike/Boat/Book/etc) Store
Angela Morrison
Physician
Morrison Psychological Services, ...
Physician
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FAQs
What type of property is this?
Live-work space - Mixed-use building combines flexible office/retail space with a remodeled two-bedroom apartment and covered parking.
Where is this live-work space located?
The property is located at 108 S Main Street Plainwell, MI.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 2,400 SF mixed‑use building in Downtown Plainwell with office/retail space and a 2‑bedroom apartment; Main level includes lobby, flexible workspace, three private rooms, and a bathroom, plus a rear entrance; Rear covered parking on the main level, with additional covered parking for the second floor apartment
