Financial
Distress signals
Property profile

108 S Main St Plainwell, MI 49080

FOR SALE
Office buildings
Property ID
US43-2217429
2,520 SF 0.06 ac lot
Last sale Jun 2025 · $90,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This 2,400-square-foot mixed-use building is located in downtown Plainwell. The main level contains an office/retail area with a lobby opening to a flexible workspace, three private rooms, and a bathroom, and it includes a rear entrance with covered parking. Basement access is available within the suite for additional storage. The second floor is a remodeled two-bedroom apartment with rear stairwell access and an additional covered parking space.

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?
$4k
Tax billed · 2023
Assessed value · 2024$88k
Assessed land$4k
Assessed improvement$84k
Effective rate4.85%

Value estimate

· Sep 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$17k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 57,987.50% cap applied$9k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$97/SF
County average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$44 – $146
Qualifying comparables3

Cap rate analysis

How does the asset earn?
57,987.50%
$9k 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

108 S Main St Plainwell, MI 49080
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales 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

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
128 Brg, Plainwell, MI 49080-1718 $128,000 Dec 2025 1,456 SF
1291 M 89, Plainwell, MI 49080-1919 $8,500 May 2023 1,136 SF
422 Acorn, Plainwell, MI 49080-1414 $265,000 Jul 2021 3,980 SF
114 Main, Plainwell, MI 49080-1635 $28,000 Dec 2019 870 SF
131 Main, Plainwell, MI 49080-1350 $90,000 Jul 2019 1,640 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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