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
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
General Property Info
New Construction: No
Lot Dimensions: 1x1
Road Frontage: 1
Cert of Compliance: Yes
Waterfront: No
Basement: No
Total # Units: 40
# of Diff Unit Floor Plans: 2
Total # Bldgs: 5
Total Parking Spaces: 60
School District: Wayland
Lot Measurement: Acres
Lot Square Footage: 93218
Lot Acres: 2.14
Year Built: 1990
Tax Info
Taxable Value: 1025700
SEV: 1065700
For Tax Year: 2025
Seller's Annual Property Tax: 64969
Tax Year: 2024
Homestead %: 0
Spec Assessment & Ty: no
Zoning: RM
Tax ID #: 56-450-224-00
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: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
None: 1
Utilities Attached
Cable Connected: 1
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Terms Available
Cash: 1
Tax Def Exchange: 1
Laundry Features
Common Area: 1
Laundry Room: 1
Exterior Material
Vinyl Siding: 1
Roofing
Composition: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Tenant Pays
Electric: 1
Gas: 1
Driveway
Asphalt: 1
Substructure
Slab: 1
Extras
Sep Electric Meter: 1
Sep Gas Meter: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
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
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 4
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 5
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 6
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 7
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 8
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 9
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 10
Unit Description: 0
SqFt: 0
Occupied: No
Monthly Rent: 0
Unit 11
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Unit 12
Unit Description: 0
SqFt: 0
Occupied: Yes
Monthly Rent: 0
Possession
Close Of Escrow: 1
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
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
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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