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

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

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 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
IDX
Listing Office: Lighthouse Property Management
Listing Agent: Kathleen M Dennison
Source MLS Verified
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.