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    Otsego, MI
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    Otsego, MI Retail Properties & Spaces for Sale

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    Otsego Mixed-Use Investment Opportunity
    Updated: May 12
    Otsego Mixed-Use Investment Opportunity

    120 N Farmer Street, Otsego, MI 49078

    $375,000
    3,944 sqft
    Strong, consistent cash flow with $4,030/month gross income.
    Turnkey investment opportunity, fully occupied.
    City‑owned parking reduces maintenance costs.
    Versatile unit mix: two commercial suites, 1‑bedroom, 2‑bedroom, and studio.
    Significant updates throughout all units.
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    This listing looks promising.

    Here's a quick look at some key insights for

    120 N Farmer Street, Otsego, MI 49078

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    • Est. Cap Rate

      6.8%
      Above avg (5.9%)

    • Est. NOI

      $25K
      Annual

    • Mortgage

      $80K
      Jun 2018

    • Last Sold

      Jun 2018
      $80K

    • Property Type

      Wholesale Outlet, Discount Store (Franchise)
      Built 1993
    View Property Analytics
    Mixed-Use 5-Unit Downtown Building
    Updated: Apr 17
    Mixed-Use 5-Unit Downtown Building

    120 N Farmer Street, Otsego, MI 49078

    $375,000
    0.07 AC lot
    Turnkey investment property with strong, consistent cash flow ($4,030/month gross income) and low expense ratio.
    Prime downtown Otsego location with two commercial suites offering excellent street presence.
    Low‑maintenance due to city‑owned parking, reducing owner responsibilities and costs.
    Versatile unit mix: two commercial suites, a 1‑bedroom, a 2‑bedroom, and a studio apartment.
    All units have been significantly updated, providing a clean, modern feel.
    View details
    Based on your search, we've compiled 78 Potential Opportunities for your consideration. Besides 2 Active listings in Otsego, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Retail and Office Building with Pole Barn
    Retail and Office Building with Pole Barn

    1141 26th Street, Allegan, MI 49010

    $350,000
    4,121 sqft 1.40 AC lot

    For sale on M-89 in Allegan, featuring a retail/office building, a 30' x 40' pole barn, and extensive paved parking.

    View details
    Retail-Office Building with Pole Barn
    Retail-Office Building with Pole Barn

    1141 26th Street, Allegan, MI 49010

    $350,000
    4,121 sqft 1.40 AC lot

    Retail/office building with a 30' x 40' pole barn, extensive paved parking, and an on-site commercial site for sale or lease.

    View details
    Versatile Commercial Property in Plainwell
    Versatile Commercial Property in Plainwell

    995 N 106th Avenue, Plainwell, MI 49080

    $210,000
    1,668 sqft 0.88 AC lot

    Updated building suitable for office, retail, or service use.

    View details
    Profitable Auto Shop Investment Opportunity
    Profitable Auto Shop Investment Opportunity

    291 12th St, Plainwell, MI 49080

    $1,575,000
    12,480 sqft

    NNN leased auto shop with corporate guarantee and high volume.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Kalamazoo Commercial/Industrial Land Available
    Kalamazoo Commercial/Industrial Land Available

    W D Avenue, Kalamazoo, MI 49009

    $1,500,000
    27.63 AC lot

    27+ acres of commercial/industrial land near US-131 interchange.

    View details
    Allegan Commercial Land on M-89
    Allegan Commercial Land on M-89

    934 Marshall St. (M-89), Allegan, MI 49010

    $250,000
    2.27 AC lot

    2.27 acres of commercial land with city utilities available.

    View details
    Established Diner with Pole Barn
    Established Diner with Pole Barn

    938 Doster Road, Plainwell, MI 49080

    $399,900
    3,450 sqft 3.06 AC lot

    Well-established diner with pole barn on 3 acres.

    View details
    Redevelopment Opportunity in Allegan, MI
    Redevelopment Opportunity in Allegan, MI

    919 Marshall Street, Allegan, MI 49010

    $450,000
    0.57 AC lot

    Prime commercial land available for sale, lease, or build-to-suit.

    View details

    Off-Market Properties in Otsego, MI

    Consider similar Off-Market properties in Otsego, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    720 Lincoln Rd
    AUTO REPAIR, GARAGE

    720 Lincoln Rd, Otsego, MI 49078-8706

    Value Estimation by Request
    1,408 sqft 1.55 AC lot
    View details
    39 16th St
    AUTO REPAIR, GARAGE

    39 16th St, Otsego, MI 49078

    Value Estimation by Request
    2,700 sqft 1.07 AC lot
    View details
    134 Allegan St
    GROCERY, SUPERMARKET

    134 Allegan St, Otsego, MI 49078-1102

    Value Estimation by Request
    529 sqft 0.19 AC lot
    View details
    1269 M 89
    WHOLESALE OUTLET, DISCOUNT STORE

    1269 M 89, Otsego, MI 49078

    $1,775,000
    Estimated value
    43,763 sqft 2.84 AC lot
    View details
    1420 M 89
    RESTAURANT

    1420 M 89, Otsego, MI 49078-9301

    Value Estimation by Request
    2,928 sqft 0.94 AC lot
    View details
    541 Allegan St
    DRIVE-THRU RESTAURANT, FAST FOOD

    541 Allegan St, Otsego, MI 49078-1015

    Value Estimation by Request
    400 sqft 0.15 AC lot
    View details
    719 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    719 Allegan St, Otsego, MI 49078-1301

    Value Estimation by Request
    4,200 sqft 0.69 AC lot
    View details
    Lincoln
    RETAIL STORES (PERSONAL SERVICES)

    Lincoln, Otsego, MI 49078

    Value Estimation by Request
    1,520 sqft 1.09 AC lot
    View details
    310 Helen Ave
    AUTO REPAIR, GARAGE

    310 Helen Ave, Otsego, MI 49078-1075

    Value Estimation by Request
    5,200 sqft 0.72 AC lot
    View details
    133 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    133 Allegan St, Otsego, MI 49078-1143

    Value Estimation by Request
    5,640 sqft 0.13 AC lot
    View details
    101 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    101 Allegan St, Otsego, MI 49078-1101

    Value Estimation by Request
    6,836 sqft 0.16 AC lot
    View details
    738 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    738 Allegan St, Otsego, MI 49078-1302

    Value Estimation by Request
    2,048 sqft 0.45 AC lot
    View details
    1249 M 89
    AUTO REPAIR, GARAGE

    1249 M 89, Otsego, MI 49078

    $525,000
    Estimated value
    1,320 sqft 0.90 AC lot
    View details
    131 Allegan St
    AUTO REPAIR, GARAGE

    131 Allegan St, Otsego, MI 49078-1101

    Value Estimation by Request
    2,860 sqft 0.11 AC lot
    View details
    108 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    108 Allegan St, Otsego, MI 49078-1144

    Value Estimation by Request
    1,400 sqft 0.03 AC lot
    View details
    1392 M 89
    GROCERY, SUPERMARKET

    1392 M 89, Otsego, MI 49078-9301

    Value Estimation by Request
    4,248 sqft 0.86 AC lot
    View details
    1437 M 89
    AUTO REPAIR, GARAGE

    1437 M 89, Otsego, MI 49078-9301

    Value Estimation by Request
    4,080 sqft 4.57 AC lot
    View details
    100 Allegan St
    RESTAURANT

    100 Allegan St, Otsego, MI 49078-1144

    Value Estimation by Request
    1,794 sqft 0.04 AC lot
    View details
    106 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    106 Allegan St, Otsego, MI 49078-1144

    Value Estimation by Request
    1,498 sqft 0.03 AC lot
    View details
    110 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    110 Allegan St, Otsego, MI 49078-1144

    Value Estimation by Request
    2,282 sqft 0.05 AC lot
    View details
    101 Allegan St
    RETAIL STORES (PERSONAL SERVICES)

    101 Allegan St, Otsego, MI 49078-1101

    Value Estimation by Request
    2,363 sqft 0.05 AC lot
    View details
    703 Allegan St
    AUTO REPAIR, GARAGE

    703 Allegan St, Otsego, MI 49078-1004

    Value Estimation by Request
    656 sqft 0.31 AC lot
    View details

    Otsego, MI Retail Properties & Spaces Market Trends and Statistics

    Explore 70 retail properties & spaces for sale in Otsego, MI on our real estate platform. These investment opportunities span a total of 3,944 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for stores in Otsego, MI average $375,000 — 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

    Storefront properties 1

    Demographics Overview

    Population 10K
    Population Growth (5Y) +13.4%
    Median Household Income $77,517
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Otsego submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49078 $762.8K

    Taxes & Financing

    Tax Rate (average for all types) 3.72%
    Property Tax per SF $79.14 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

    Retail

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