Search
5-Unit Apartment Building
For Sale
$869,000

109 Illinois Street, Mount Pleasant, MI 48858

Updated interiors include kitchens, bathrooms, and fixtures; the building is fully occupied.

Property Size6,534 SF
Price / SF$132
Days on Market412

Property Features for 109 Illinois Street

General Information

Standard status Active
Size 6,534 SF
Property subtype Multi Family / 5+ Units

Taxes and HOA fees

Annual Taxes $6,588

Amenities

Forced Air, Yes
No
Forced Air
Natural Gas
Gas Dryer Hookup, Washer Hookup
0.0
Other
Brick

Building Details

Year Built 1922
Units 5
Listing Agency: Shareholders Real Estate, Mana
Listed By: Nathaniel Hudson · License #6502431178
Source: Compass
Added: Jul 19, 2025 Changed: Sep 2 Last Checked: Aug 30 at 1:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shareholders Real Estate, Mana

Investment Insights

Based on property information with market context.

This 5-unit apartment building at 109 Illinois Street was constructed in 1922 and features brick exterior construction, forced-air heating, and natural gas service. The layout includes a 3 Bedroom terrace, 1- and 2-bedroom apartments, a studio, and an additional 2-bedroom unit. Interior improvements include updates to kitchens, bathrooms, and fixtures, and the building is fully occupied.

The property is positioned in the downtown district of Mount Pleasant, with Central Michigan University approximately 5 minutes away. Washer and dryer hookups are also included within the building’s utility features.

Key Highlights

  • 5‑unit apartment building constructed in 1922
  • Fully occupied property in Mount Pleasant’s downtown district
  • Unit mix includes a 3 Bedroom terrace, 1- and 2‑bedroom units, a studio, and a 2‑bedroom unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Locksmith Bakery Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

968
Businesses Nearby

Demographics for 48858, MI

41,844
Population
19,396
Households
2.2
Avg Household Size
30
Median Age
37%
College-Educated
93%
High-School Grad
174.4 sq mi
ZIP Area
240
Density / Sq Mi
$48,794
Median Household Income
$22,775
Median Earnings
$862
Median Rent
$168,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors include kitchens, bathrooms, and fixtures; the building is fully occupied.
Where is this apartment building located?
The property is located at 109 Illinois Street Mount Pleasant, MI.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 5‑unit apartment building constructed in 1922; Fully occupied property in Mount Pleasant’s downtown district; Unit mix includes a 3 Bedroom terrace, 1- and 2‑bedroom units, a studio, and a 2‑bedroom unit
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message