Updated 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 Market122
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 1, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 5, 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) 377-4589
Added: Apr 17
Changed: Aug 10
Last Checked: Aug 16 at 11:06AM
MLS# 26016147
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Investment Insights
Based on property information with market context.
Located at 120 N Farmer Street in downtown Otsego, this 5-unit mixed-use building combines commercial and residential space on a 0.07-acre parcel. The property includes two approximately 950-square-foot main-floor commercial suites, along with three apartments: one 1-bedroom/1-bath unit, one 2-bedroom/1-bath unit, and a studio.
The units have received significant updates and the property is fully occupied. City-owned parking and municipal sidewalk maintenance reduce the on-site responsibilities associated with those areas. Originally built in 1870, the building features vinyl siding, a composition roof, and forced-air heating.
The units have received significant updates and the property is fully occupied. City-owned parking and municipal sidewalk maintenance reduce the on-site responsibilities associated with those areas. Originally built in 1870, the building features vinyl siding, a composition roof, and forced-air heating.
Key Highlights
- 5‑unit mixed‑use building with commercial and residential components
- Two approximately 950 sq ft main‑floor commercial suites
- Residential mix includes 1‑bedroom, 2‑bedroom, and studio apartments
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown property combines commercial suites and residential apartments with city-managed parking areas and sidewalks.
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: 5‑unit mixed‑use building with commercial and residential components; Two approximately 950 sq ft main‑floor commercial suites; Residential mix includes 1‑bedroom, 2‑bedroom, and studio apartments
