532 Mill Street, Wayland, MI 49348 (MLS# 25052193)
532 Mill Street, Wayland, MI 49348
$4,600,000
Property Type:
Multi Family
Lot Size (sq. ft.):
93,218
Status:
Sold
Current Price:
$4,600,000
List Date:
10/10/2025
Last Modified:
10/16/2025
Overview
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
Listing Details MLS# 25052193
Location Property Info
- County
- Allegan
- Street #
- 532
- Street Name
- Mill
- Suffix
- Street
- State
- MI
- Zip Code
- 49348
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
- Yes
- Total # Units
- 40
- # of Diff Unit Floor Plans
- 2
- Total # Bldgs
- 5
- Total Parking Spaces
- 60
- Waterfront
- No
- School District
- Wayland
- Basement
- No
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
- Homestead %
- 0
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
More Information
Access Feat
- Accessibility Features
- No
Unit 1
- Unit #
- Yes
- Unit Description
- 2 bed
- Identical Units
- 32
- SqFt
- 990
- Occupied
- Yes
- Monthly Rent
- 1195
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- 3 bed
- Identical Units
- 8
- SqFt
- 1170
- Occupied
- Yes
- Monthly Rent
- 1295
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 3
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 4
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 5
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 6
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 7
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 8
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 9
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 10
- Occupied
- No
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 11
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Unit 12
- Occupied
- Yes
- Unit Description
- No
- SqFt
- 0
- Monthly Rent
- 0
Location & Property Info
- Cross Streets
- W Elm
- Property Sub-Type
- 5+ Units
- Area
- Grand Rapids - G
- Municipality
- Wayland City
Office/Contract Info
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- 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
Lot Description
- Cul-De-Sac
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- None
- Yes
Utilities Attached
- Cable Connected
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Tax Def Exchange
- Yes
Laundry Features
- Common Area
- Yes
- Laundry Room
- Yes
Exterior Material
- Vinyl Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
Driveway
- Asphalt
- Yes
Substructure
- Slab
- Yes
Extras
- Sep Electric Meter
- Yes
- Sep Gas Meter
- Yes
Owner Pays
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- 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 M Dennison
Last Updated: October - 16 - 2025
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