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

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

More Information MLS# 25052193

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

532 Mill Street, Wayland, MI 49348- MLS# 25052193

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