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    FOR LEASE
    Turn key restaurants

    137 N Main St, Plainwell, MI 49080

    4,136 SF 0.05 ac lot
    Individually Owned ~ Est. High Equity
    Property ID
    US43-2464156
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Total area 4,136 SF
    Lot 0.05 ac (2,222 SF)
    APN 55-160-013-00
    UPID US43-2464156
    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
    • Bloom Eatery Restaurant
    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
    Darius Grigaliunas
    Darius Grigaliunas
    since 2025
    Last sale
    $170,000
    4 recorded transactions
    2025
    2023
    $170,000
    2019
    2006
    $200,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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