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    109 Illinois St Mount Pleasant, MI 48858

    For Sale
    $699,000

    MULTI_FAMILY - Mount Pleasant, MI

    Lot size:
    0.15 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 8 at 12:06 pm

    Property Features for 109 Illinois St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bathroom 5, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 8, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 2
    Bedrooms
    8
    APN
    17-000-00-494-00
    Parking
    5
    Lot size
    0.15 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air

    Building Details

    Year built
    1922
    Number of units
    5
    Building materials
    Brick

    Shareholders Real Estate, Mana (313) 915-0796

    Listing agent Nathaniel Hudson (313) 915-0796

    Listing date Sep 21, 2025

    Copyright © 2025 Montcalm County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Multi-Family Portfolio Opportunity

    This sale presents a portfolio of two multi-family properties situated in downtown Mount Pleasant, Michigan, approximately 5 minutes from Central Michigan University. The portfolio includes a property at 109 Illinois Street, which features five units. The unit mix consists of a 3-bedroom terrace on the bottom floor, one- and two-bedroom units on the first floor, and a studio unit and a two-bedroom unit on the second floor. The units have been updated with renovations to the kitchens, bathrooms, and fixtures. The adjacent property at 304 Main is included in the sale. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.777363
    Latitude
    43.602499

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    FAQs

    What type of property is this?
    Apartment building - Two multi-family properties in downtown Mount Pleasant near CMU.
    Where is this apartment building located?
    The property is located at 109 Illinois St Mount Pleasant, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Two-property portfolio in downtown Mt. Pleasant.; - Prime location in the downtown district, just 5 minutes from Central Michigan University.; - Ideal for college rental property investment.
    (313) 915-0796
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Illinois St Mount Pleasant, MI 48858
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