Corner Retail
3601 Plainfield Ave NE, Grand Rapids, MI 49525
For Sale
$995,000
On-site parking and a pylon sign serve the signalized intersection at Plainfield Avenue and Four Mile Road.
Property Size4,651 SF
Lot Size1.38 Acres
Price / SF$213.93
Days on Market179
Property Features for 3601 Plainfield Ave NE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Corner Location
Pylon Signage
Highway Access
Road Access
Building Details
Year Built
Buildings
Listing Agency:
NAI Wisinski of West Michigan
Listed By:
Todd Leinberger · License #6501394346
(616) 242-1114
Source:
Carwm.resimplifi
Added: May 15
Changed: Nov 8
Last Checked: Aug 26 at 12:18PM
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 NAI Wisinski of West Michigan
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Investment Insights
Based on property information with market context.
The retail building contains 4,581 square feet and sits on a 1.381-acre site in Plainfield Charter Township. On-site parking, convenient ingress and egress, and a pylon sign at the intersection support customer access and property identification. The site is positioned at the signalized northwest corner of Plainfield Avenue and Four Mile Road.
The property is less than one mile from the I-96 interchange, approximately two miles from US-131, and five miles from downtown Grand Rapids and I-196. The stated use possibilities include retail, service, medical, or redevelopment.
The property is less than one mile from the I-96 interchange, approximately two miles from US-131, and five miles from downtown Grand Rapids and I-196. The stated use possibilities include retail, service, medical, or redevelopment.
Key Highlights
- 4,581 SF retail building on 1.381 acres
- Signalized northwest corner of Plainfield Avenue and Four Mile Road
- Pylon signage at the intersection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,420
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,400
$1.3M
Cap Rate 7%
$963,143
$963.1K
Cap Rate 9%
$749,111
$749.1K
Market Conditions
NOI Build-Up for 4,651 SF
Gross rent
$102.1K $21.96/SF
− Vacancy
−$5.8K −$1.25/SF
EGI
$96.3K $20.71/SF
− OpEx
−$28.9K −$6.21/SF
NOI
$67.4K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,400
Cap Rate 7%
$963,143
Cap Rate 9%
$749,111
Alternative Uses
Best Use
Retail
$963.1K
$842.8K – $1.12M
NOI $67,420 @ 7.0% cap · market cap 6.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.08M
$944.4K – $1.26M
NOI $75,555 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
292k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 29%
Groceries 27%
Superstores 6%
Meijer
Groceries
79,562 visits/mo
0.4 miles
McDonald's
Dining
26,146 visits/mo
0.4 miles
Meijer Gas Station
Shops & Services
20,335 visits/mo
0.3 miles
Mister Car Wash
Shops & Services
16,739 visits/mo
0.2 miles
Big Lots
Superstores
16,175 visits/mo
0.1 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
$292,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Grand Rapids, MI
Properties on Market for Retail space in Grand Rapids
Frequently Asked Questions
What type of property is this?
Retail space - On-site parking and a pylon sign serve the signalized intersection at Plainfield Avenue and Four Mile Road.
Where is this retail space located?
The property is located at 3601 Plainfield Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 4,581 SF retail building on 1.381 acres; Signalized northwest corner of Plainfield Avenue and Four Mile Road; Pylon signage at the intersection
