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Property profile

131 N Main St 2 Plainwell, MI 49080

FOR SALE
Office buildings
Property ID
US43-0742152
3,067 SF 0.1 ac lot
Last sale Aug 2018 · $90,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
131 N Main St,Unit 2, Plainwell, MI 49080 For Sale
$419,000 3,067 SF
131 N Main St,Unit 2, Plainwell, MI 49080
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Property summary

AI-generated overview

The property is an office suite located within a downtown office complex in Plainwell. The suite (Suite #2) has a compact, functional interior layout for professional office use and includes a conference room, an open work area, a private restroom, and large windows that provide natural light. The building is situated in the downtown area near commercial amenities such as restaurants and shopping, with a city-owned and maintained parking lot immediately outside the suite for access. The property also provides opportunities for business signage.

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?
$8k
Tax billed · 2023
Assessed value · 2024$151k
Assessed land$4k
Assessed improvement$147k
Effective rate5.06%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$52k
Vacancy & credit loss−$7k
Operating expenses−$11k
NOI · 8.06% cap applied$34k

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?
8.06%
$34k 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

131 N Main St, Unit 2 Plainwell, MI 49080
County assessor Recorded deeds · 9 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

4 recorded sales · 6 properties nearby
Recent sales nearby
4 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
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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