$4,600,000

532 Mill Street

Wayland, MI 49348

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Status: Sold

About this Home

SOLD BEFORE BROADCAST! Listing is being provided for use as a comparable. 40 unit apartment building in the heart of fast growing Wayland. This property was built in 1990 and consists of a nice mix of 32 -2bedrooms and 8 - 3 bedroom apartment homes. Each unit has it's own heating and central air conditioning. Shared Laundry rooms

532 Mill Street, Wayland, MI 49348
532 Mill Street, Wayland, MI 49348
532 Mill Street, Wayland, MI 49348
532 Mill Street, Wayland, MI 49348
532 Mill Street, Wayland, MI 49348

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Details
Location Property Info
County: Allegan
Street #: 532
Street Name: Mill
Suffix: Street
State: MI
Zip Code: 49348
OfficeContract Info
Status: Sold
Current Price: $4,600,000
List Price: $4,600,000
Listing Date: 2025-09-29
General Property Info
Lot Measurement: Acres
Lot Square Footage: 93218
Lot Acres: 2.14
Lot Dimensions: 1x1
Year Built: 1990
New Construction: No
Cert of Compliance: Yes
Road Frontage: 1
Total # Units: 40
# of Diff Unit Floor Plans: 2
Total # Bldgs: 5
Total Parking Spaces: 60
Waterfront: No
School District: Wayland
Tax Info
Tax ID #: 56-450-224-00
Taxable Value: 1025700
SEV: 1065700
For Tax Year: 2025
Seller's Annual Property Tax: 64969
Tax Year: 2024
Spec Assessment & Ty: no
Zoning: RM
Remarks Misc
Directions: 131 South to the Wayland Exit. East to Elm St and N to Mill St
Status Change Info
Under Contract Date: 2025-10-01
Sold Date: 2025-10-02
Sold Price: $4,600,000
Access Feat
Accessibility Features: No
Unit 1
Unit #: 1
Unit Description: 2 bed
Identical Units: 32
SqFt: 990
Occupied: Yes
Monthly Rent: 1195
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Unit 2
Unit #: 2
Unit Description: 3 bed
Identical Units: 8
SqFt: 1170
Occupied: Yes
Monthly Rent: 1295
Bedrooms: 3
Bathrooms: 1
Full Baths: 1
Unit 3
Occupied: Yes
Unit 4
Occupied: Yes
Unit 5
Occupied: Yes
Unit 6
Occupied: Yes
Unit 7
Occupied: Yes
Unit 8
Occupied: Yes
Unit 9
Occupied: Yes
Unit 10
Occupied: No
Unit 11
Occupied: Yes
Unit 12
Occupied: Yes
Property Features
Laundry Features: Common Area; Laundry Room
Exterior Material: Vinyl Siding
Roofing: Composition
Substructure: Slab
Lot Description: Cul-De-Sac
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at Street: None
Extras: Sep Electric Meter; Sep Gas Meter
Owner Pays: Sewer; Trash Collection; Water
Tenant Pays: Electric; Gas
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Driveway: Asphalt
Street Type: Paved; Public
Terms Available: Cash; Tax Def Exchange
Possession: Close Of Escrow
Sale Conditions: None

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