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    Plainwell, MI
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    Plainwell, MI Multifamily Properties for Sale

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    Otsego, MI Kalamazoo, MI Portage, MI Martin, MI Allegan, MI Oshtemo, MI Parchment, MI Richland, MI
    Historic Mixed-Use Townhouse Property
    Updated: Aug 26, 2025
    Historic Mixed-Use Townhouse Property

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    5,142 sqft 0.15 AC lot
    5142 square feet on 0.15 acres
    3‑unit townhouse building converted from an 1890 grainery
    Two upper‑level units with 2 bedrooms, 1 1/2 baths, laundry, and rooftop patio access
    Main‑level space supports commercial or residential use
    Historic caboose used as a rental or commercial unit
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    This listing looks promising.

    Here's a quick look at some key insights for

    721 E Bridge Street, Plainwell, MI 49080

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    • Est. Cap Rate

      7.8%
      Above avg (5.9%)

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $471K
      Above asking

    • Last Sold

      Jul 2001
      $42K
    View Property Analytics
    Historic Grainery Triplex
    Updated: Aug 25, 2025
    Historic Grainery Triplex

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    0.15 AC lot
    Three‑unit townhouse building converted from a historic grainery
    Two upper‑level units each include 2 bedrooms, 1 1/2 baths, laundry, and rooftop patio access
    Main‑level unit offers commercial or residential use with a 1/2 bath
    Finished lower level includes kitchen, full bath, laundry, and potential for 2 bedrooms
    Historic caboose has been utilized as a rental or commercial unit
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    Well-Maintained Duplex Investment
    Well-Maintained Duplex Investment

    143 Floral Avenue, Plainwell, MI 49080

    $264,888
    1,056 sqft

    Two spacious 2-bedroom units with in-unit laundry and separate utilities on a corner lot.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 Active listings in Plainwell, 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.

    Updated Duplex with Separate Utilities
    Updated Duplex with Separate Utilities

    224-226 Maple Street, Parchment, MI 49004

    $237,500
    0.20 AC lot

    Brick duplex with refreshed interiors, dedicated mechanical systems, storage sheds, and a mostly enclosed backyard.

    View details
    Updated Mixed-Use Building
    Updated Mixed-Use Building

    120 N Farmer Street, Otsego, MI 49078

    $325,000
    0.07 AC lot

    Downtown property combines commercial suites and residential apartments with city-managed parking areas and sidewalks.

    View details
    Brick 24-Unit Apartment Complex
    Brick 24-Unit Apartment Complex

    503 North Riverview Drive, Parchment, MI 49004

    $1,700,000
    601 sqft

    Twenty-four apartments are spread across four brick three-story buildings with on-site coin laundry and 25 parking spaces.

    View details
    Duplex Residential Income Property
    Duplex Residential Income Property

    418 E Franklin Street, Otsego, MI 49078

    Contact for pricing

    Duplex with separate main-level and upstairs units, each with heat, plus a large detached three-car garage.

    View details

    Plainwell, MI Multifamily Properties Market Trends and Statistics

    Explore 3 multifamily properties for sale in Plainwell, MI, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 6,198 square feet of properties for sale, with an estimated market value of $1,114,888.

    Sale prices for multifamily properties in Plainwell, MI start at $264,888, averaging $371,629, and reaching up to $425,000 — 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
    Duplexes 1
    Triplexes 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -5.0%
    Median Household Income $75,250
    College Educated 38.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    49080 $306K

    Taxes & Financing

    Tax Rate (average for all types) 3.54%
    Property Tax per SF $71.10 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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

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