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Financial
Distress signals
Property profile

120 E Bridge St Plainwell, MI 49080

FOR SALE
Retail space
Property ID
US43-2198157
1,960 SF 0.07 ac lot
Last sale Nov 2023 · $105,500
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a commercial building in downtown Plainwell featuring approximately 1,960 square feet of flexible main-floor space suited for uses such as retail, office, a boutique, or a creative studio. The building includes a full basement that provides additional area for storage, inventory, or workshop use. It is located on a high-traffic thoroughfare with street parking available in front, and it also has a back entrance that can support deliveries or staff access. Access to a city…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value · 2024$49k
Assessed land$5k
Assessed improvement$43k
Effective rate4.96%

Value estimate

· Oct 2026
$145k
$131k – $160k
AI approach$180k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$1k
Operating expenses−$9k
NOI · 12.72% cap applied$20k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$127/SF
County average, outlier-cleaned · 58 recorded sales of this use type
Observed band · Q1–Q3$41 – $220

Cap rate analysis

How does the asset earn?
12.72%
$20k 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

120 E Bridge St Plainwell, MI 49080
County assessor Recorded deeds · 6 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 · 8 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
145 Brg, Plainwell, MI 49080-1717 $75,000 Sep 2024 1,470 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
582 10th, Plainwell, MI 49080-1067 $22,500 Mar 2023 4,768 SF
119 Main, Plainwell, MI 49080-1350 $112,500 May 2020 2,760 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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