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Property profile

721 E Bridge St Plainwell, MI 49080

FOR SALE
Other commercial real estate
Property ID
US43-2304579
3,196 SF 0.11 ac lot
Last sale Jul 2001 · $42,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 23-yr Hold Held for 23 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a historic grainery building that has been converted into a three-unit townhouse and mixed-use site, with original grainery features incorporated into each unit. Two upper-level townhouses each include 2 bedrooms, 1½ bathrooms, in-unit laundry, and access to a shared rooftop patio area with views; both upper units share the same layout. The main-level unit is configured for flexible use as either a commercial space with a ½ bathroom or as living space, and includes a finished…

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?
$4k
Tax billed · 2023
Assessed value · 2024$111k
Assessed land$10k
Assessed improvement$101k
Effective rate3.66%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k
NOI build-up
Gross scheduled income$64k
Vacancy & credit loss−$4k
Operating expenses−$27k
NOI · 7.76% cap applied$33k

Realmo valuation models over county records and 24 qualifying comparable sales.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 50 recorded sales of this use type
Observed band · Q1–Q3$32 – $213
Qualifying comparables24

Cap rate analysis

How does the asset earn?
7.76%
$33k 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: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.9
Restaurant12.0
Pharmacy10.8

Location

721 E Bridge St Plainwell, MI 49080
County assessor Recorded deeds · not on file 24 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
615 Brg, Plainwell, MI 49080-1804 $167,500 Jun 2022 2,752 SF
11290 Doster, Plainwell, MI 49080-9368 $180,000 Oct 2021 12,144 SF
619 11th, Plainwell, MI 49080 $250,000 Aug 2021 3,300 SF
575 10th, Plainwell, MI 49080-1030 $20,000 Jul 2021 7,360 SF
220 Main, Plainwell, MI 49080-1688 $160,750 Apr 2021 2,598 SF
602 Gladys, Plainwell, MI 49080-1571 $125,000 Nov 2019 1,074 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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