Retail
New
For Sale
$963,000
3674-3678 Plainfield Ave NE, Grand Rapids, MI 49525
The address places this offering near Knapp's Corner shops, dining, and entertainment.
Property Size5,346 SF
Days on Market2
Property Features for 3674-3678 Plainfield Ave NE
General Information
Standard status
Active
Size
5,346 SF
Property subtype
Retail - Street Retail
Building Details
Building Size
5,346 SF
Units
3
Listing Agency:
APEX Commercial Real Estate Advisors
Listed By:
Sal Yaldo · License #6501443637
(248) 702-0940
Source:
Commercialcafe
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:25AM
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 APEX Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
This retail offering is located at 3674-3678 Plainfield Ave NE in Grand Rapids. The surrounding context includes the Knapp's Corner area, with retail, restaurants, and entertainment nearby. Major highways and residential neighborhoods are also described as close to the property.
Key Highlights
- 3674‑3678 Plainfield Ave NE, Grand Rapids, MI 49525
- Near Knapp's Corner shops, restaurants, and entertainment
- Major highways and residential neighborhoods are nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,495
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,549,900
$1.5M
Cap Rate 7%
$1,107,071
$1.1M
Cap Rate 9%
$861,056
$861.1K
Market Conditions
NOI Build-Up for 5,346 SF
Gross rent
$117.4K $21.96/SF
− Vacancy
−$6.7K −$1.25/SF
EGI
$110.7K $20.71/SF
− OpEx
−$33.2K −$6.21/SF
NOI
$77.5K $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%
$1,549,900
Cap Rate 7%
$1,107,071
Cap Rate 9%
$861,056
Alternative Uses
Best Use
Retail
$1.11M
$968.7K – $1.29M
NOI $77,495 @ 7.0% cap · market cap 8.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.24M
$1.09M – $1.45M
NOI $86,846 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
384
Businesses Nearby
249k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 32%
Shops & Services 28%
Dining 23%
Superstores 6%
Meijer
Groceries
79,562 visits/mo
0.3 miles
McDonald's
Dining
26,146 visits/mo
0.3 miles
Meijer Gas Station
Shops & Services
20,335 visits/mo
0.1 miles
Mister Car Wash
Shops & Services
16,739 visits/mo
0.2 miles
Big Lots
Superstores
16,175 visits/mo
0.3 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - The address places this offering near Knapp's Corner shops, dining, and entertainment.
Where is this retail space located?
The property is located at 3674-3678 Plainfield Ave NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $963,000.
What are key features of this property?
This property features: 3674‑3678 Plainfield Ave NE, Grand Rapids, MI 49525; Near Knapp's Corner shops, restaurants, and entertainment; Major highways and residential neighborhoods are nearby
