REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,080,000
Est. payment /mo
New
4061 Plainfield Avenue Grand Rapids, MI 49525
8,126 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 8,126 sqft
Price per Sqft $132
Subdivision Mi
MLS Listing ID 70548269
Year Built 1971
Annual Tax Amount $17,682
Tax Year 2025
Lot Size 0.700 Acres
Acres 0.7
Lot Dimensions 140x245 IRREG
Property Sub-Type Business
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.
Location
State MI
County Kent
Area Plainfield Twp (35007)
Zoning Commercial
Interior
Heating Forced Air
Exterior
Roof Type Rubber
Building
Structure Type Block,Brick
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Apex Realty Group