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    Historic Grainery Converted Triplex
    Updated: Aug 26, 2025
    Historic Grainery Converted Triplex

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    5,142 sqft 0.15 AC lot
    Converted 1890 historic grainery offers a 3‑unit townhouse building plus a historic caboose used as a rental/commercial unit
    Two upper‑level townhouses each feature 2 bedrooms, 1 1/2 baths, in‑unit laundry, and access to a rooftop patio (same layout)
    Main‑level unit offers flexible use as a commercial space with a 1/2 bath or as living space, plus a finished lower‑level living area
    Finished lower level includes a kitchen, full bath, and laundry, with potential for 2 bedrooms with minor modifications, plus a private patio
    Heating and cooling include forced air heat and central air
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    This listing looks promising.

    Here's a quick look at some key insights for

    721 E Bridge Street, Plainwell, MI 49080

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $38K
      Annual

    • Price @ 7% Cap

      $543K
      Above asking

    • Last Sold

      Jul 2001
      $42K
    View Property Analytics
    Historic Three-Unit Townhouse Property
    Updated: Aug 25, 2025
    Historic Three-Unit Townhouse Property

    721 E Bridge Street, Plainwell, MI 49080

    $425,000
    0.15 AC lot
    Converted historic grainery built in 1890, featuring brick and wood siding construction and a metal roof
    3‑unit townhouse building with original grainery features incorporated into each unit
    Two upper‑level townhouses: each offers 2 bedrooms, 1 1/2 baths, in‑unit laundry, and access to a rooftop patio
    Main‑level unit has flexible use as commercial space (1/2 bath) or living area, plus a finished lower‑level with kitchen, full bath, and laundry
    On‑site parking: driveway; utilities include cable available
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Plainwell, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Deck
    Mixed-Use Building with Deck

    245 Hubbard Street, Allegan, MI 49010

    $750,000
    6,072 sqft 0.07 AC lot

    Recently redeveloped mixed-use building with street-level retail/office space and newly renovated residential units upstairs.

    View details
    Multi-Building Live-Work and Rental
    Multi-Building Live-Work and Rental

    314 & 316 Western Avenue, Allegan, MI 49010

    $400,000
    5,610 sqft 0.80 AC lot

    Property includes multiple buildings on four city lots, with one building used for service and distribution and another for multifamily rentals.

    View details
    Four-Unit Multifamily Investment Property
    Four-Unit Multifamily Investment Property

    912 Princeton Ave, Kalamazoo, MI 49007

    $199,000
    0.50 AC lot

    Four-unit property with renovation and income potential.

    View details
    Kalamazoo Multifamily Investment Opportunity
    Kalamazoo Multifamily Investment Opportunity

    912 Princeton Avenue, Kalamazoo, MI 49007

    $199,000
    0.50 AC lot

    Four-unit rental property with renovation and conversion potential.

    View details

    Plainwell, MI Quadplexes Market Trends and Statistics

    Explore 2 quadplexes for sale in Plainwell, MI on our real estate platform. These investment opportunities span a total of 5,142 square feet of properties for sale, with an estimated market value of $850,000.

    Sale prices for four-unit buildings in Plainwell, MI average $425,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 3
    Apartment buildings 2
    Quadplexes 2
    Triplexes 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -5.0%
    Median Household Income $75,250
    College Educated 38.4%

    Taxes & Financing

    Tax Rate (average for all types) 3.54%
    Property Tax per SF $71.10 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Allegan County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Allegan County

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