Retail Building with
111 N Main Street Plainwell, MI 49080
111 N Main Street, Plainwell, MI, 49080
$199,500
For Sale
$199,500
COMMERCIAL - Plainwell, MI
Property Size2,192 SF
Lot Size0.03 Acres
Price / SF$91.01
Days on Market96
Property Features for 111 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Basement, Bathroom 1
- Standard status
- Active
- APN
- 55-160-012-00
- Size
- 2,192 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Attached as external document.
- Tax Annual Amount
- 3501
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Stone
- Roof type
- Rubber
Listing Agency
Greenridge Cornell & Associates
(269) 685-5866
144 S Main St, Plainwell, MI
Listed by
Wendy Conner
(269) 492-5172
Added: Apr 14 Checked: Jul 18 at 5:06 am
MLS# 26015276
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 property is a retail building located on Main Street in downtown Plainwell. The 1,096 square foot retail space features a large open room with display windows providing natural light and visibility. It also includes two work rooms, a half bath, and a full basement for storage. Above the retail space is a two-bedroom apartment with a private entry. The building is located in a high-traffic area on the main four corners of downtown Plainwell. The boiler for the main floor is newer and has been state inspected. The apartment has a gas forced air furnace. On-street parking is available, and a city lot is located behind the building off Allegan Street (M-89). The total property size is 2,192 square feet, situated on a 0.03-acre lot.
Key Highlights
- Prime downtown location at the main intersection in Plainwell.
- Mixed‑use property: retail space with a 2‑bedroom apartment for living or rental income.
- Large open retail space (1096 sq ft) with abundant natural light and display windows.
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 | $24.5k | $11.16 |
| − Vacancy | −$1.3k | −$0.59 |
| EGI | $23.2k | $10.57 |
| − OpEx | −$6.9k | −$3.17 |
| NOI | $16.2k | $7.40 |
2,192 SF · lease $11.16/SF/yr · vacancy 5.32% · expense 30.00%
Alternative Uses
Best Use
Retail
$325.1K
$284.4K – $379.3K
NOI $22,755 @ 7.0% cap · market cap 11.41%
Second Best
Multifamily LT 5
$231.6K
$202.7K – $270.2K
NOI $16,213 @ 7.0% cap · market cap 8.13%
Theoretical Best
Hotel Hospitality
$20.59M
$18.01M – $24.02M
NOI $1,440,960 @ 7.0% cap · market cap 722.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bridge Street Gallery ...
(Bike/Boat/Book/etc) Store
Incognito Gift Vault
(Bike/Boat/Book/etc) Store
Island city tea&spice
Bakery
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail space with apartment in downtown Plainwell.
Where is this storefront property located?
The property is located at 111 N Main Street Plainwell, MI.
What is the asking price?
The asking price for this property is $199,500.
What are key features of this property?
This property features: Prime downtown location at the main intersection in Plainwell.; Mixed‑use property: retail space with a 2‑bedroom apartment for living or rental income.; Large open retail space (1096 sq ft) with abundant natural light and display windows.
