1809 Plainfield Avenue, Grand Rapids, Michigan, United States, 49503

650,000
for Sale
4
4,443

About the property:

Excellent opportunity to acquire a fully occupied, five-suite commercial investment property along the highly visible Plainfield Avenue corridor in Grand Rapids' desirable Creston neighborhood. The building offers approximately 5,000 square feet of total rentable space including recently renovated basement offices, providing multiple income streams, and reduced exposure to any single tenant. The tenant mix includes a restaurant space equipped with a commercial hood, fire-suppression system, grease trap, kitchen, , along with four additional commercial suites. The entire building is currently leased and offers investors a strong capitalization rate with immediate income from a diversified tenant base. Located near established restaurants, retailers, residential neighborhoods and public transportation, this is a compelling opportunity to acquire a stabilized commercial asset with long-term upside in one of Grand Rapids' active neighborhood business corridors.
Property Type:
Retail
Status:
for Sale
House Style:
Other
Bathrooms:
4
Full Bathrooms:
4
Acres:
0.1
Square Feet:
5000
Heating Type:
0
Cross Street:
Ann and Plainfield
Is Business:
Yes
Is Building:
Yes
Is Investment:
Yes
Is Multiple:
Yes
Is Mix:
Yes
Is Other:
Yes
Is Transportation:
Yes
Annual Property Taxes:
8,734.38
Listing ID:
26050523

Rooms

Dimensions

Brokered by:
Mantle Realty Co.
Presented By: