4061 Plainfield Avenue NE, Grand Rapids, Michigan, 49525
8,126 Sqft
0.70 Acres
3 ba
#26038601
Don't miss this outstanding investment opportunity featuring three fully leased commercial units totaling approximately 8,100 square feet in the highly traveled Plainfield Avenue Corridor. This property offers excellent visibility and exposure, making it an attractive location for long-term tenants and future appreciation. All three units are fully occupied with lease NNN terms extending another 4 to 5 years, providing immediate, stable cash flow for investors. The building is well-equipped for a variety of commercial and retail uses, featuring service bays and overhead doors that add flexibility and functionality for tenants. Strategically positioned along one of the area's busiest commercial corridors, this property benefits from strong traffic counts, excellent accessibility, and a thriving business environment. Performs at an 8 CAP + currently with annual escalations. Package this listing up with the next-door bank building and acreage to the west for a redevelopment site.
PROPERTY FEATURES
- Business Type : Other, Auto Service, Professional/Office, Professional Service, Restaurant, Storage, Retail
- Utilities : Natural Gas Available, Phone Available, Electricity Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
- Water Source : Public
- Sewer : Public Sewer
- Parking Features: Asphalt
- Zoning Description : C-1 COM
- Heating on Property:
- Heating : Natural Gas, Forced Air
- Construction Materials: Brick, Block
- Roof: Rubber
PROPERTY DETAILS
ID: 26038601
Status: Active
Price: $1,080,000
Acres: 0.70 Acres
Price Per Acre: $1,542,857
Type: Other
Address: 4061 Plainfield Avenue NE
City, State: Grand Rapids, Michigan
County: Kent
Zip Code: 49525
Lat/Long: 43.037189, -85.615482
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