120 E Bridge St, Plainwell, MI 49080
For Sale
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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.
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Distinguished Homes Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.