Signalized Corner Bank
For Sale
$850,000
4065 Plainfield Avenue Northeast, Grand Rapids, MI 49525
Signalized corner bank site with strong visibility on a busy commercial corridor.
Property Size3,361 SF
Lot Size0.77 Acres
Price / SF$252.90
Days on Market126
Property Features for 4065 Plainfield Avenue Northeast
General Information
Standard status
Active
Size
3,361 SF
Lot size
0.77 Acres
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
Russ Bono, CCIM · License #6501380200
(616) 799-6629
Source:
Cbre
Added: Jun 3
Changed: Oct 4
Last Checked: Oct 5 at 4:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This for-sale bank property includes 3,361 SF on a 0.77-acre signalized corner lot designed for high public exposure. The asset is positioned around strong access and visibility characteristics that typically support financial use in retail-oriented settings.
Located on a busy commercial corridor, the site benefits from the corner configuration and signalized frontage, which can support convenient customer approach and prominent street presence. The property’s marketing materials emphasize excellent visibility and access from the main corridor.
For buyers and operators, the key underwriting consideration noted in the listing is a financial institution deed restriction tied to sales involving Fifth Third and Comerica. The remarks further state that those transactions are not scheduled to close until September. Prospective purchasers should review the deed restriction requirements and timing details as part of their due diligence so the property can be appropriately aligned with the intended financial-institution use.
Located on a busy commercial corridor, the site benefits from the corner configuration and signalized frontage, which can support convenient customer approach and prominent street presence. The property’s marketing materials emphasize excellent visibility and access from the main corridor.
For buyers and operators, the key underwriting consideration noted in the listing is a financial institution deed restriction tied to sales involving Fifth Third and Comerica. The remarks further state that those transactions are not scheduled to close until September. Prospective purchasers should review the deed restriction requirements and timing details as part of their due diligence so the property can be appropriately aligned with the intended financial-institution use.
Key Highlights
- 3,361 SF commercial bank site
- 0.77‑acre signalized corner lot
- Located on a busy commercial corridor with strong visibility and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,599
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,980
$1.1M
Cap Rate 7%
$779,986
$780.0K
Cap Rate 9%
$606,656
$606.7K
Market Conditions
NOI Build-Up for 3,361 SF
Gross rent
$76.6K $22.80/SF
− Vacancy
−$3.8K −$1.14/SF
EGI
$72.8K $21.66/SF
− OpEx
−$18.2K −$5.42/SF
NOI
$54.6K $16.25/SF
Area
Grand Rapids, MI
Vacancy
5.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,091,980
Cap Rate 7%
$779,986
Cap Rate 9%
$606,656
Alternative Uses
Best Use
Specialty Retail
$780.0K
$682.5K – $910.0K
NOI $54,599 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$696.0K
$609.0K – $812.0K
NOI $48,720 @ 7.0% cap · market cap 5.73%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
166k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Home Improvements & Furnishings 33%
Dining 15%
Apparel 10%
Lowe's
Home Improvements & Furnishings
40,816 visits/mo
0.3 miles
Speedway
Shops & Services
23,446 visits/mo
0.1 miles
Dollar Tree
Shops & Services
21,341 visits/mo
0.4 miles
Dunham's Sports
Apparel
16,554 visits/mo
0.3 miles
Family Farm & Home
Home Improvements & Furnishings
10,710 visits/mo
0.4 miles
Demographics for 49525, MI
30,275
Population
12,577
Households
2.4
Avg Household Size
39
Median Age
49%
College-Educated
98%
High-School Grad
23.4 sq mi
ZIP Area
1,294
Density / Sq Mi
$87,969
Median Household Income
$45,740
Median Earnings
$1,335
Median Rent
$292,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Bank - Signalized corner bank site with strong visibility on a busy commercial corridor.
Where is this bank located?
The property is located at 4065 Plainfield Avenue Northeast Grand Rapids, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,361 SF commercial bank site; 0.77‑acre signalized corner lot; Located on a busy commercial corridor with strong visibility and access
