Downtown Otsego Mixed-Use
120 N Farmer Street, Otsego, MI 49078
MULTI_FAMILY - Otsego, MI
Lot size:
0.07 Acres- Added:
- Apr 17, 2026
- Days on Market:
- 29
- Last Refresh:
- May 15 at 5:06 pm
Property Features for 120 N Farmer Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bathroom 3
- Parking
- 10
- Basement
- Full
- 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
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1870
- Number of units
- 5
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing agent Adam Atwood License #6506047769 (269) 377-4589
Listing office Five Star Real Estate 101 E Allegan St, Portage, MI (269) 377-4589
Listing date Apr 17, 2026
MLS# 26016147
Listing URL
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HighLights
- Turnkey investment property with strong, consistent cash flow ($4,030/month gross income) and low expense ratio.
- Prime downtown Otsego location with two commercial suites offering excellent street presence.
- Low‑maintenance due to city‑owned parking, reducing owner responsibilities and costs.
- Versatile unit mix: two commercial suites, a 1‑bedroom, a 2‑bedroom, and a studio apartment.
- All units have been significantly updated, providing a clean, modern feel.
- Fully occupied, professionally positioned, and ready for immediate income generation.
Overview
Located in downtown Otsego, this mixed-use building presents a turnkey investment opportunity. The property features five units, offering a consistent cash flow with a gross income of $4,030 per month. The building includes two commercial suites on the main floor, each approximately 950 square feet, providing street presence. Additionally, there are three residential units: a 1-bedroom, 1-bath apartment; a 2-bedroom, 1-bath unit; and a studio apartment. All units have been updated. Situated on a lot of 0.07 acres, the property benefits from city-owned parking, reducing maintenance responsibilities. This fully occupied property is positioned as a low-maintenance income generator.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
9/8 Tattoo Collective
Tattoo & Piercing Shop
Location Insight
- Map
- Local Demand
- City
- Otsego
- County
- Allegan
- State
- Michigan
- Longitude
- -85.696309
- Latitude
- 42.461192
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Turnkey 5-unit building with strong income in downtown Otsego.
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 $375,000.
What are key features of this property?
This property features: Turnkey investment property with strong, consistent cash flow ($4,030/month gross income) and low expense ratio.; Prime downtown Otsego location with two commercial suites offering excellent street presence.; Low‑maintenance due to city‑owned parking, reducing owner responsibilities and costs.
