131 N Main Street Plainwell, MI 49080
COMMERCIAL - Plainwell, MI
Property Features for 131 N Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 5
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 1, Bathroom 4
- Standard status
- Active
- APN
- 55-160-050-00
- Size
- 3,067 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 50 ALSO COM AT A PT 9 FT E OF SW COR LOT 51 TH RUNNING E ON S LINE SD LOT 51 THE FULL LENGTH OF SD LOT TH N 6.5 FT T
- Tax Annual Amount
- 12400
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 5
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Roger A Lynch (269) 267-2820
Listing office Jaqua, REALTORS 221 S Drake Road, Portage, MI (269) 341-4300
Listing date Mar 6, 2026
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.
Key Highlights
- Prime downtown Plainwell location, ideal for small businesses.
- Units feature a conference room, open work area, and private restroom.
- City‑owned and maintained parking lot provides easy access.
Local Financial Insights For Office B
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 | $52.3k | $17.04 |
| − Vacancy | −$7.2k | −$2.35 |
| EGI | $45.0k | $14.69 |
| − OpEx | −$11.3k | −$3.67 |
| NOI | $33.8k | $11.02 |
