137 N Main St, Plainwell, MI 49080
For Lease
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This exceptional 4,136 square foot commercial building presents a prime investment opportunity in the heart of vibrant Downtown Plainwell, Michigan. Situated on a 0.05-acre lot at 137 N Main Street, this property offers a unique blend of commercial and residential space. The main floor, previously a restaurant, is currently vacant and ready for immediate occupancy. It features a fully equipped commercial kitchen, complete with a walk-in cooler, and two restrooms, making it perfectly suited for a variety of uses, including restaurants, retail shops, or office spaces. The layout is spacious and adaptable, allowing for customization to meet the needs of a new business. Upstairs, a desirable three-bedroom, two-bathroom apartment provides a significant income stream. Currently leased at $1,500 per month, this modern apartment boasts in-unit laundry facilities and a dedicated office space, offering comfortable and convenient living. The apartment's consistent rental income provides a strong foundation for your investment, while the vacant commercial space offers the potential for substantial growth and return. This property represents a rare chance to acquire a well-located, versatile building in a thriving downtown area, offering both immediate income and significant long-term potential. The combination of a prime location, existing infrastructure, and the potential for diverse uses makes this an exceptional opportunity for savvy investors. The asking price is $249,900.
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Bloom Eatery Restaurant
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
Similar Nearby for Lease
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.