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    Plainwell, MI
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    Plainwell, MI Multifamily Properties for Sale

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    8 properties
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    Downtown Mixed-Use Office-Retail Building
    Updated: Nov 24, 2025
    Downtown Mixed-Use Office-Retail Building

    108 S Main Street, Plainwell, MI 49080

    $220,000
    2,400 sqft 0.06 AC lot
    2,400 SF mixed‑use building in Downtown Plainwell with office/retail space and a 2‑bedroom apartment
    Main level includes lobby, flexible workspace, three private rooms, and a bathroom, plus a rear entrance
    Rear covered parking on the main level, with additional covered parking for the second floor apartment
    Second floor offers a freshly remodeled 2‑bedroom apartment with rear stairwell access
    Basement access within the suite provides additional storage
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    This listing looks promising.

    Here's a quick look at some key insights for

    108 S Main Street, Plainwell, MI 49080

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $254K
      Above asking

    • Last Sold

      Jun 2025
      $90K
    View Property Analytics
    Retail Building with Apartment
    Updated: Apr 14
    Retail Building with Apartment

    111 N Main Street, Plainwell, MI 49080

    $199,500
    2,192 sqft 0.03 AC lot
    Prime downtown location at the main intersection in Plainwell.
    Mixed‑use property: retail space with a 2‑bedroom apartment for living or rental income.
    Large open retail space (1096 sq ft) with abundant natural light and display windows.
    Full basement provides ample storage space.
    Newer boiler for the main floor, recently state inspected.
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    Plainwell Duplex: Stable Income Property
    Plainwell Duplex: Stable Income Property

    143 Floral Avenue, Plainwell, MI 49080

    $249,999
    2,112 sqft 0.32 AC lot

    Well-maintained duplex with long-term tenants and strong cash flow.

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    Tenant-Occupied Duplex with Garage
    Tenant-Occupied Duplex with Garage

    221 S Woodhams Street, Plainwell, MI 49080

    $234,000
    0.21 AC lot

    As-is duplex in Plainwell offering two private entries, spacious interiors, and a two-stall garage.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Historic Grainery Multi-Unit Townhouse
    Historic Grainery Multi-Unit Townhouse

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    0.15 AC lot

    Unique income-producing property with endless possibilities in Plainwell, MI.

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    Corner Duplex with Private Entrances
    Corner Duplex with Private Entrances

    221 S Woodhams St, Plainwell, MI 49080

    $234,000

    Two tenant-occupied units with private entrances, spacious kitchens, and a 2-stall garage on a manageable corner lot.

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    Historic Grainery Converted Townhouse Building
    Historic Grainery Converted Townhouse Building

    721 E Bridge St, Plainwell, MI 49080

    $425,000
    0.15 AC lot

    Unique 3-unit townhouse with historic features and income potential.

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    Plainwell Multifamily Development Opportunity
    Plainwell Multifamily Development Opportunity

    355 12th Street, Plainwell, MI 49080

    $91,000
    3.04 AC lot

    3+/- acre site zoned for multifamily residential development.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 8 Active listings in Plainwell, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Updated Duplex with Fenced Yard
    Updated Duplex with Fenced Yard

    224 Charles Street, Otsego, MI 49078

    $259,000
    0.30 AC lot

    Well-maintained duplex in Otsego offering updated major systems and laundry facilities for comfortable day-to-day living.

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    Kalamazoo Duplex with Upside Potential
    Kalamazoo Duplex with Upside Potential

    5381 Thayer Avenue, Kalamazoo, MI 49004

    $325,000
    0.46 AC lot

    Inviting duplex with strong rental upside or owner-occupancy potential.

    View details
    Investment
    Investment

    5395 Thayer Ave, CooperCharterTownship_, Kalamazoo, MI 49004

    $325,000
    3,488 sqft 0.50 AC lot

    Duplexes · 3,488 SF

    View details
    Duplex with Updated Units
    Duplex with Updated Units

    224 Charles Street, Otsego, MI 49078

    $259,000
    1,648 sqft

    Duplex with recent exterior and mechanical updates, plus in-unit laundry and flexible bedroom/office space.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Riverdale
    Residential Land in Riverdale

    N Lumberjack Road, Riverdale, MI 48877

    Contact for pricing
    0.67 AC lot

    Vacant residential land suitable for building or mobile home placement.

    View details
    Expansive Land with Development Potential
    Expansive Land with Development Potential

    VL N Fleming Road, Fowlerville, MI 48836

    $6,900,000
    354.27 AC lot

    350+ acres of prime land with two scenic lakes.

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    Deeded RV Recreational Lot
    Deeded RV Recreational Lot

    V/L E Kissing Oaks Trail, Custer, MI 49405

    $39,900
    0.96 AC lot

    Deeded lot with a newly excavated site, entry, and driveway, backing Manistee National Forest.

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    Private Campground Lot with Hookups
    Private Campground Lot with Hookups

    4537 Pine Run, Farwell, MI 48622

    $41,500
    0.75 AC lot

    Residentially zoned camping lot with three 30-amp electric hookups and septic connections, already prepped with pads.

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    Plainwell, MI Multifamily Properties Market Trends and Statistics

    Explore 8 multifamily properties for sale in Plainwell, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 9,104 square feet of properties for sale, with an estimated market value of $889,499.

    Sale prices for multifamily properties in Plainwell, MI start at $199,500, averaging $222,374, and reaching up to $249,999 — 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

    Duplexes 5
    Apartment buildings 2
    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 $236.2K

    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

    Retail

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