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Mixed-Use Building in Downtown Plainwell

108 S Main St Plainwell, MI 49080

108 S Main St, Plainwell, MI, 49080

$220,000

For Sale

$220,000

2,400 SF mixed-use building in the heart of Downtown Plainwell.

Property Size2,400 SF

Lot Size0.06 Acres

Price / SF$91.67

AddedMar 10

Days on Market129

Last RefreshJul 15 at 11:39 am

Property Features for 108 S Main St

General Information

Standard status: Active
Size: 2,400 SF
Lot size: 0.06 Acres
Property subtype: Commercial

Building Details

Year Built: 1900

Listing office Kalamazoo Commercial Real Estate

Listing date Mar 10, 2026

Source Elliman

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 Kalamazoo Commercial Real Estate

Investment Insights

Based on property information with market context.

This 2,400 SF mixed-use building is located in Downtown Plainwell. The main level features an office/retail space with a lobby that opens into a flexible workspace, along with three private rooms and a bathroom. The space also features a rear entrance with a covered parking space. Basement access is available within the suite for additional storage. The second floor includes a remodeled two-bedroom apartment with rear stairwell access and an additional covered parking space. The property is currently vacant, making it suitable for an owner occupant or an investment buyer.

Key Highlights

Prime Downtown Plainwell location.
Mixed‑use building with office/retail space and a two‑bedroom apartment.
Vacant property suitable for owner‑occupancy or investment.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$16.5k	$6.88
− Vacancy	−$1.7k	−$0.69
EGI	$14.8k	$6.19
− OpEx	−$5.6k	−$2.32
NOI	$9.3k	$3.87

2,400 SF · lease $6.88/SF/yr · vacancy 10.10% · expense 37.50%

Alternative Uses

Best Use

Office B

$377.7K

$330.5K – $440.7K (±1% cap)

NOI $26,439 @ 7.0% cap · market cap 12.02%

Second Best

Retail

$355.9K

$311.4K – $415.2K (±1% cap)

NOI $24,914 @ 7.0% cap · market cap 11.32%

Theoretical Best

Hotel Hospitality

$22.54M

$19.72M – $26.29M (±1% cap)

NOI $1,577,694 @ 7.0% cap · market cap 717.13%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Data Pro Inc (Bike/Boat/Book/etc) Store Angela Morrison Physician Morrison Psychological Services, ... Physician

Suggested Use

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For sale
Mixed-use properties
MI
Plainwell
49080
108 S Main St

What type of property is this?

Mixed-use property - 2,400 SF mixed-use building in the heart of Downtown Plainwell.

Where is this mixed-use property located?

The property is located at 108 S Main St Plainwell, MI.

What is the asking price?

The asking price for this property is $220,000.

What are key features of this property?

This property features: Prime Downtown Plainwell location.; Mixed‑use building with office/retail space and a two‑bedroom apartment.; Vacant property suitable for owner‑occupancy or investment.