Five-Unit Mixed-Use
For Sale
$325,000
120 N Farmer Street, Otsego, MI 49078
Multi Family, Otsego, MI
Property SizeContact for details
Lot Size0.07 Acres
Days on Market171
Property Features for 120 N Farmer Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Commercial
Bedrooms
3
Full bathrooms
5
Half bathrooms
2
Rooms
Bedroom 2, Bathroom 5, Basement, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2
Parking
10
Basement
Full
Lot features
Sidewalk
Elementary school district
Otsego
Middle school district
Otsego
High school district
Otsego
Directions
N on S Farmer, past E Allegan St. Building is on the right.
Standard status
Active
APN
54-100-120-70
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SLY 34.64 FT OF LOT 120 O. P. SEC 22 & 23. TAX MAP: 0.07 AC
Tax Annual Amount
3990
Legal Description
SLY 34.64 FT OF LOT 120 O. P. SEC 22 & 23. TAX MAP: 0.07 AC
Utilities
Heating system
Forced Air
Building Details
Year built
1870
Number of units
5
Building materials
Vinyl Siding
Roof type
Composition
Listing Agency:
Five Star Real Estate
(269) 377-4589
Listed By:
Adam Atwood · License #6506047769
(269) 459-7898
Added: Apr 17
Changed: Sep 22
Last Checked: Oct 4 at 9:06AM
MLS# 26016147
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 mixed-use building contains five units: two main-floor commercial suites of approximately 950 square feet each, along with three residential apartments. The residential configuration includes one one-bedroom, one-bath apartment, one two-bedroom, one-bath apartment, and a studio. Significant updates have been completed across the units, and the property is fully occupied. Construction includes vinyl siding, forced-air heating, and a composition roof.
Located at 120 N Farmer Street in downtown Otsego, the property sits on a 0.07-acre lot. City-owned parking reduces the property's private parking-area and sidewalk maintenance responsibilities. Built in 1870, the building offers a combination of commercial storefront space and residential occupancy within the same asset.
Located at 120 N Farmer Street in downtown Otsego, the property sits on a 0.07-acre lot. City-owned parking reduces the property's private parking-area and sidewalk maintenance responsibilities. Built in 1870, the building offers a combination of commercial storefront space and residential occupancy within the same asset.
Key Highlights
- Five‑unit mixed‑use building with two commercial suites and three residential apartments
- Two main‑floor commercial suites are approximately 950 sq ft each
- Residential mix includes 1‑bedroom, 1‑bath; 2‑bedroom, 1‑bath; and studio units
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 49078, MI
9,483
Population
4,315
Households
2.2
Avg Household Size
41
Median Age
19%
College-Educated
92%
High-School Grad
49.5 sq mi
ZIP Area
192
Density / Sq Mi
$77,517
Median Household Income
$44,956
Median Earnings
$1,106
Median Rent
$189,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines two commercial suites with three updated residential apartments and municipal parking support.
Where is this mixed-use property located?
The property is located at 120 N Farmer Street Otsego, MI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Five‑unit mixed‑use building with two commercial suites and three residential apartments; Two main‑floor commercial suites are approximately 950 sq ft each; Residential mix includes 1‑bedroom, 1‑bath; 2‑bedroom, 1‑bath; and studio units
