1809 Plainfield Avenue NE Grand Rapids, MI 49503
Retail
MLS #: 26050523
Courtesy Of Mantle Realty Co.
429 Turner Ave NW Ste 1, Grand Rapids, MI 49504
429 Turner Ave NW Ste 1, Grand Rapids, MI 49504
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Building Units: 5
- Cooling System: Central Air
- Exterior Type: Brick
- Exterior Type: Block
- Heating System: Forced Air
- Legal Description: LLO: LOT 174 EXC COM ON E LINE OF OAKWOOD AVE 161.69 FT N OF N LINE OF ANN ST TH N 38.45 FT ALONG SD AVE LINE TH SE...
- MLSID: 26050523
- Rooms: Bathroom 4
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
MAP & DIRECTIONS
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