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    FOR SALE
    Retail space

    120 E Bridge St, Plainwell, MI 49080

    1,960 SF 0.07 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US43-2198157
    Property summary
    AI-generated overview

    This 1,960 square foot industrial property, located at 120 E Bridge in Plainwell, MI, presents a fantastic investment opportunity. Situated on a 0.07-acre lot in a thriving retail area, this property boasts a prime location within the heart of Plainwell. The main level offers nearly 2,000 square feet of versatile space, currently configured as a boutique store and craft class venue. Two restrooms are conveniently located on the main level. Access is provided via both front and rear entrances, enhancing functionality and convenience. A dry basement provides substantial additional storage space, adding significant value to the property. Recent upgrades include a new furnace, a roof with a transferable 25-year warranty, new flooring, fresh paint, and renovated bathrooms. These improvements significantly reduce future maintenance costs and enhance the property's overall appeal. Abundant street parking is available, supplemented by a nearby public parking lot, ensuring ample parking for customers and employees. The property is priced at $199,900. Note that the business operating within the space is also available for purchase, with a combined price of $225,000 for both the real estate and the business.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 1,960 SF
    Lot 0.07 ac (3,223 SF)
    APN 55-100-010-10
    UPID US43-2198157
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Distinguished Homes Real Estate Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Soneya L Bupp · 2 yrs held
    Soneya L Bupp
    since 2023
    Last sale
    $105,500
    6 recorded transactions
    2023
    2023
    $105,500
    2021
    2019
    $43,100
    2018
    $100,962
    2005
    $55,900
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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