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9-Unit Multifamily Condominium Property
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201 E Michigan Ave, Paw Paw, MI 49079

Individually parceled residences with separate gas and electric metering.

Property SizeContact for details
Days on Market143

Property Features for 201 E Michigan Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 7 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units 9
Listing Agency: Hull Multifamily Advisors
Listed By: Austin Hull · License #MI 6502430931
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 6:16PM

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 Hull Multifamily Advisors

Investment Insights

Based on property information with market context.

This multifamily condominium property contains 9 residences across the second and third floors of the Dyckman building in downtown Paw Paw. The unit mix includes 7 two-bedroom, one-bath residences and 2 one-bedroom, one-bath residences. Gas and electric service are separately metered for each unit.

Every residence is individually parceled, providing a condominium ownership structure with the ability to convey units separately. The building’s ground floor and basement are owned and occupied by Brewster’s Food and Spirits, a local restaurant. Water and sewer expenses are currently paid by ownership, creating a clearly defined operating consideration for future management.

Key Highlights

  • 9 condominiums located on the second and third floors of the Dyckman building
  • Unit mix includes 7 two‑bedroom, one‑bath residences and 2 one‑bedroom, one‑bath residences
  • Each unit is separately metered for gas and electricity

Property Analytics

Current Use

Brewster's Food and Spirits/Dyckman ... Restaurant New Hope Family ... Church

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Dental Office HVAC Service Real Estate Agency Parking Lot & Garage

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

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

635
Businesses Nearby

Demographics for 49079, MI

13,766
Population
6,019
Households
2.3
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
83.4 sq mi
ZIP Area
165
Density / Sq Mi
$72,119
Median Household Income
$41,376
Median Earnings
$841
Median Rent
$214,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Individually parceled residences with separate gas and electric metering.
Where is this multifamily property located?
The property is located at 201 E Michigan Ave Paw Paw, MI.
What are key features of this property?
This property features: 9 condominiums located on the second and third floors of the Dyckman building; Unit mix includes 7 two‑bedroom, one‑bath residences and 2 one‑bedroom, one‑bath residences; Each unit is separately metered for gas and electricity
More about this property
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