416 N Main Street

About this home

PRIME LOCATION JUST A SHORT WALK TO DOWNTOWN PLYMOUTH! This is a mixed use investment opportunity Zoned Commercial, offering income-producing residential units and dedicated commercial office space. Remodeled from top to bottom,exceptionally clean, and fully furnished, this property is truly TURNKEY! Featuring two separate 1-bedroom apartment units and a main-floor office, this versatile property offers outstanding potential for investors, business owners, or those seeking a combination of rental income and professional workspace. Both residential units have been successfully operated as short-term rentals, projected to generate roughly $50,000 in gross income in 2026 for the apartment units, the Office space will generate even more than that projection if rented! The upper apartment features a full bath and comes fully furnished with a bed, bedding, TV, full-size refrigerator, stove, microwave, coffee maker, and complete kitchenware. The lower apartment also includes a full bath and is furnished with a bed, bedding, TV, mini refrigerator, toaster oven, microwave, coffee maker, and kitchenware. The lower unit is wired for an electric stove, allowing for the addition of a full-size range if desired. All units feature separate entrances. The main-floor office space measures approximately 14.5' x 15.5' and includes a kitchenette with space for a mini refrigerator, half bath, TV, desks, chairs, shelving, and additional furnishings. A full basement provides two lockable storage rooms. Additional highlights include newer furnace in lower unit and new furnace in upper unit , new hot water tank and a spacious parking lot located behind the building. Looking for a truly turnkey investment? The current owner is willing to remain on as property manager, with established cleaning and maintenance personnel available to help make ownership as seamless as possible.

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Plymouth

Over the last 90 days, 143 homes sold in Plymouth for a median of $485,000, about $219 per square foot, and the typical one went under contract in 10 days. This home is listed at $374,900, or $286 per square foot, 31% above the city median, and has been on the market 7 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Plymouth sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $8,267 a year. A buyer who lives here would pay about $5,852 to $7,758 a year once the taxable value resets after the sale, at the 2025 homestead rate of 40.98 mills for Plymouth City and Plymouth Canton schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

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