$4,600,000
Wayland, MI 49348
MLS# 25052193
Status: Sold
1 / 6
Property Description
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
Details
Maps
Location Property Info
County: Allegan
Street #: 532
Street Name: Mill
Suffix: Street
State: MI
Zip Code: 49348
Area: Grand Rapids - G
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
Listing Office: Lighthouse Property Management
Listing Agent: Kathleen Dennison
Last Updated: October - 16 - 2025
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.