4061 Plainfield Avenue NE, Grand Rapids, MI 49525
- $1,080,000
- 3
- BA
- List Price
- $1,080,000
- Days on Market
- 4
- MLS#
- 26038601
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 3
- Full-baths
- 3
Property Description
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.
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Additional Information
- Taxes
- $17,682
- Acres
- 0.70
- Heating
- Forced Air
- Roofing
- Rubber
- School District
- Northview
- Tenant Pays
- Electricity, Janitorial Service, Prop Taxes/Assess, Trash Collection, Common Area Maintenance, Gas, Sewer, Water
- Utilities
- Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Electricity Available, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Brian T DeSmit from Listing Office: Apex Realty Group.
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