$4,600,000
SOLD OCT 2, 2025

532 Mill St Wayland, MI 49348

-- Bed
-- Bath
990 Sq Ft
2.14 Acres

Recently Sold

$4,646 Per Sq Ft

Highlights

  • 2.14 Acre Lot
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Cul-De-Sac

About This Home

As of October 2025

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

Last Agent to Sell the Property

Kathy Dennison

Lighthouse Property Management License #6502319881 Listed on: 10/10/2025

Co-Listed By

Linda Sayre

Lighthouse Property Management

Last Buyer's Agent

Kevin Knoll

Five Star Real Estate (Grandv) License #6501226121

Five Star Real Estate (Grandv)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $64,969

Year Built

  • Built in 1990

Lot Details

  • 2.14 Acre Lot
  • Cul-De-Sac

Home Design

  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Laundry

  • Laundry Room

Parking

  • 60 Parking Spaces
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Individual Gas Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, gas
  • The owner pays for trash collection, water, sewer

Community Details

Overview

  • 5 Buildings
  • 40 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$64,969

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub-Type: 5+ Units
  • Property Type: Multi Family
  • New Construction: No
  • Year Built: 1990
  • Location Property Info:Property Sub-Type: 5+ Units
  • General Property Info:New Construction2: No
  • General Property Info:Lot Dimensions: 1x1
  • General Property Info:Waterfront3: No
  • General Property Info:Basement: No
  • Tax Info:Zoning3: RM
  • General Property Info:Total _pound_ Units: 40
  • General Property Info:Total _pound_ Bldgs: 5.0
  • Roofing:Composition: Yes
  • Heat Type:Forced Air: Yes
  • Air Conditioning:Central Air: Yes
  • Heat Source:Natural Gas3: Yes
  • Lot Description:Cul-De-Sac: Yes
  • Substructure:Slab: Yes
  • Extras:Sep Gas Meter: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Common Area: Yes
  • Utilities Attached Electricity Connected: Yes
  • Utilities Attached Natural Gas Connected: Yes
  • Utilities Attached Cable Connected: Yes
  • Sewer:Public Sewer5: Yes
  • Water:Public Water4: Yes
  • 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
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Basement: No

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 4600000.0
  • Lot Features: Cul-De-Sac
  • Number of Buildings: 5
  • Road Surface Type: Paved
  • Roof: Composition
  • Waterfront: No
  • Exterior Material:Vinyl Siding: Yes
  • Access Feat:Accessibility Features2: No

Garage/Parking

  • Attached Garage: No
  • Parking Features: Asphalt, Driveway
  • Total Parking Spaces: 60.0
  • General Property Info:Total Parking Spaces: 60.0

Utilities

  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air
  • Heating: Yes
  • Laundry Features: Common Area, Laundry Room
  • Utilities: Natural Gas Connected, Electricity Connected, Cable Connected

Lot Info

  • Lot Size Acres: 2.14
  • Lot Size Area: 2.14
  • Lot Dimensions: 1x1
  • Lot Size Sq Ft: 93218.0
  • Zoning Description: RM

Rental Info

  • Owner Pays: Trash Collection, Water, Sewer
  • Tenant Pays: Electric, Gas

Multi Family

  • Number of Units Total: 40

Tax Info

  • Tax Annual Amount: 64969.0
  • Tax Year: 2025

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/10/2025 10/10/25 For Sale $4,600,000 0.0% $4,646 / Sq Ft
10/02/2025 10/02/25 Sold $4,600,000 -- $4,646 / Sq Ft
10/01/2025 10/01/25 Pending -- -- --
Source: MichRIC

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kathy Dennison

    Seller's Agent in 2025

    Kathy Dennison

    Lighthouse Property Management

    (616) 257-9577

    1 in this area

    28 Total Sales

    Kathy Dennison
    Section Image

  • L

    Seller Co-Listing Agent in 2025

    Linda Sayre

    Lighthouse Property Management

    (616) 257-9577

    1 in this area

    17 Total Sales

    Linda Sayre
    Section Image

  • K

    Buyer's Agent in 2025

    Kevin Knoll

    Five Star Real Estate (Grandv)

    (616) 901-3866

    1 in this area

    92 Total Sales

    Kevin Knoll
    Section Image
See All Agents

Map

Source: MichRIC

MLS Number: 25052193

MichRIC
Michigan Allegan County Wayland 49348

532 Mill St, Wayland, MI

Sold

MultiFamily

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MichRIC Information is deemed reliable but not guaranteed.
Copyright 2025 MichRIC, LLC. All rights reserved.

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