Mixed-Use Building with
For Sale
$199,999
108 S Main Street, Plainwell, MI 49080
Commercial Sale, Plainwell, MI
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$83.33
Days on Market315
Property Features for 108 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
CBD
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bathroom 2
Parking
2
Elementary school district
Plainwell
Middle school district
Plainwell
High school district
Plainwell
Subdivision
Greater Kalamazoo - K
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
Legal Description
On file.
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
Changed: Sep 22
Last Checked: Oct 5 at 10:06PM
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 includes commercial space on the main level and a two-bedroom apartment upstairs. The commercial area offers a lobby, adaptable work area, three private rooms, and a bathroom, with access to a basement that can provide additional storage. A rear entry and covered parking serve the lower level.
The second-floor apartment has been freshly remodeled and includes a separate rear stairwell. An additional covered parking space serves the residential component. The property is currently vacant and may accommodate an owner-user or leasing strategy. Built in 1900, the building features vinyl siding, brick, and stone construction, with forced-air heating. It occupies 0.06 acres in downtown Plainwell at 108 S Main Street.
The second-floor apartment has been freshly remodeled and includes a separate rear stairwell. An additional covered parking space serves the residential component. The property is currently vacant and may accommodate an owner-user or leasing strategy. Built in 1900, the building features vinyl siding, brick, and stone construction, with forced-air heating. It occupies 0.06 acres in downtown Plainwell at 108 S Main Street.
Key Highlights
- 2,400 SF mixed‑use building at 108 S Main Street, Plainwell, MI 49080
- Main level includes office/retail space, lobby, flexible workspace, three private rooms, and a bathroom
- Freshly remodeled second‑floor two‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,278
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
$185.6K
Cap Rate 7%
$132,543
$132.5K
Cap Rate 9%
$103,089
$103.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$16.5K $6.88/SF
− Vacancy
−$1.7K −$0.69/SF
EGI
$14.8K $6.19/SF
− OpEx
−$5.6K −$2.32/SF
NOI
$9.3K $3.87/SF
Area
Allegan County, MI
Vacancy
10.10%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
Cap Rate 7%
$132,543
Cap Rate 9%
$103,089
Alternative Uses
Best Use
Office B
$377.7K
$330.5K – $440.7K
NOI $26,439 @ 7.0% cap · market cap 13.22%
Second Best
Retail
$355.9K
$311.4K – $415.2K
NOI $24,914 @ 7.0% cap · market cap 12.46%
Theoretical Best
Hotel Hospitality
$22.54M
$19.72M – $26.29M
NOI $1,577,694 @ 7.0% cap · market cap 788.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
372
Businesses Nearby
Explore this area
Business Placement
Demographics for 49080, MI
15,994
Population
6,582
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
77.4 sq mi
ZIP Area
207
Density / Sq Mi
$75,250
Median Household Income
$42,775
Median Earnings
$982
Median Rent
$234,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant two-level property combines office and retail space with a remodeled residential apartment.
Where is this mixed-use property located?
The property is located at 108 S Main Street Plainwell, MI.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: 2,400 SF mixed‑use building at 108 S Main Street, Plainwell, MI 49080; Main level includes office/retail space, lobby, flexible workspace, three private rooms, and a bathroom; Freshly remodeled second‑floor two‑bedroom apartment
