Financial
Distress signals
Property profile

127 S Main St Plainwell, MI 49080

FOR SALE
Turn key restaurants
Property ID
US43-1913998
2,210 SF 0.05 ac lot
Last sale Feb 2020 · $30,000
Individually Owned Owner of record is an individual. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 127 S Main Street in Plainwell, Michigan consists of a commercial storefront structure that has sustained fire damage. It includes an adjacent lot, expanding the overall site footprint and providing additional outdoor area and flexibility for site improvements. As presented, the listing does not provide information on electrical capacity or floor loading, and the existing building and site configuration are suited to redevelopment through renovation and/or new construction use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value · 2024$65k
Assessed land$4k
Assessed improvement$61k
Effective rate4.86%

Value estimate

· Sep 2026
$145k
$131k – $160k
AI approach$120k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$1k
Operating expenses−$10k
NOI · 25.78% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$75 – $190

Cap rate analysis

How does the asset earn?
25.78%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionALLEGAN

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.2
Law Firm9.9
Kitchen & Bath9.2

Location

127 S Main St Plainwell, MI 49080
County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
133 Brg, Plainwell, MI 49080-1717 $88,000 Nov 2024 1,767 SF
126 Brg, Plainwell, MI 49080-1718 $105,000 Aug 2023 1,662 SF
120 Main, Plainwell, MI 49080-1340 $27,000 Apr 2023 3,000 SF
200 Brg, Plainwell, MI 49080-1720 $180,000 Oct 2020 1,725 SF
119 Main, Plainwell, MI 49080-1350 $112,500 May 2020 2,760 SF
133 Main, Plainwell, MI 49080-1350 $70,000 Apr 2019 1,629 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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