Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

137 N Main St Plainwell, MI 49080

FOR LEASE
Turn key restaurants
Property ID
US43-2464156
4,136 SF 0.05 ac lot
Last sale May 2023 · $170,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

A 2,063 sq. ft. commercial building in Downtown Plainwell, previously used as a restaurant, featuring a full commercial kitchen, a walk-in freezer, and two bathrooms. The interior is configured for food service use such as a restaurant or cafe, as well as other commercial ventures requiring kitchen facilities. Parking is available via street parking along the front and municipal parking to the rear. The area has a walk score of 14 (car-dependent) and a bike score of 31 (somewhat bikeable).

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.

Debts

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$91k
Assessed land$2k
Assessed improvement$89k
Effective rate4.93%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$245k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$1k
Operating expenses−$8k
NOI · 255,566.67% cap applied$23k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$75 – $190

Cap rate analysis

How does the asset earn?
255,566.67%
$23k 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

137 N Main St Plainwell, MI 49080
County assessor Recorded deeds · 4 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
107 Main, Plainwell, MI 49080-1634 $125,000 Jul 2024 3,775 SF
124 Brg, Plainwell, MI 49080-1767 $210,000 Sep 2023 3,655 SF
307 Sherwood, Plainwell, MI 49080-1330 $219,400 Jul 2023 3,080 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
900 Brg, Plainwell, MI 49080-1807 $125,000 Jun 2021 5,654 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again