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    Otsego, MI
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    Plainwell, MI Allegan, MI Kalamazoo, MI Portage, MI Gobles, MI Michigan Center, MI Oshtemo, MI Mattawan, MI
    Five-Unit Mixed-Use Building
    Updated: Apr 17
    Five-Unit Mixed-Use Building

    120 N Farmer Street, Otsego, MI 49078

    $325,000
    0.07 AC lot
    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
    Significant updates completed across the units; property is fully occupied
    0.07‑acre lot at 120 N Farmer Street, Otsego, MI 49078
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    See hot listings in Otsego

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Otsego, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Historic Mixed-Use Townhouse Property
    Historic Mixed-Use Townhouse Property

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    5,142 sqft 0.15 AC lot

    Original architectural elements support flexible residential and commercial configurations across the converted grainery building.

    View details
    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    201 Monroe Street, Allegan, MI 49010

    $475,000
    0.24 AC lot

    Updated duplex with separate utilities, an attached garage, off-street parking, and a bright enclosed porch.

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    Victorian Commercial Building in Downtown Allegan
    Victorian Commercial Building in Downtown Allegan

    106 Locust St, Allegan, MI 49010

    $169,900
    3,300 sqft 0.06 AC lot

    Two-story commercial building in Allegan's Historical District with renovation potential.

    View details
    Historic Grainery Triplex
    Historic Grainery Triplex

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    0.15 AC lot

    Three-unit townhouse building with original grainery details, rooftop patio access, and a flexible main-level unit.

    View details

    Otsego, MI Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Otsego, MI on our real estate platform.

    Sale prices for multifamily properties in Otsego, MI average $325,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 10K
    Population Growth (5Y) +13.4%
    Median Household Income $77,517
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Otsego submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49078 $325K

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $79.14 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

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