Retail Building with Service
For Sale
$1,080,000
4061 Plainfield Avenue, Grand Rapids, MI 49525
Three fully leased retail units operate under NNN terms with lease extensions of 4 to 5 years.
Property Size8,126 SF
Price / SF$133.33
Days on Market26
Property Features for 4061 Plainfield Avenue
General Information
Standard status
Active
Size
8,126 SF
Property subtype
Commercial
Zoning
C-1 COM
Occupancy
100%
Additional Details
Cap Rate
8%
Taxes and HOA fees
Annual Taxes
$17,682
Building Details
Building Size
8,126 SF
Year Built
1971
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Apex Realty Group
(616) 277-1463
Listed By:
Brian T DeSmit
Source:
Thebrokeragehouse
Added: Jul 29
Changed: Aug 23
Last Checked: Aug 23 at 3:07AM
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 Realty Group
Investment Insights
Based on property information with market context.
Retail investment opportunity at 4061 Plainfield Avenue NE in Plainfield Township, Michigan. The property includes three fully leased commercial units totaling approximately 8,100 square feet. All units are currently fully occupied under NNN lease terms, with extensions of another 4 to 5 years.
The building is equipped for flexible commercial and retail use, with service bays and overhead doors designed to support tenant functionality. Additional physical characteristics include a rubber roof and a lot measuring 140x245 IRREG, with the property built in 1971.
The current performance is described as an 8 CAP, and annual escalations are noted. The site is positioned along the Plainfield Avenue corridor, with the remarks also referencing potential redevelopment when packaged with adjacent properties.
The building is equipped for flexible commercial and retail use, with service bays and overhead doors designed to support tenant functionality. Additional physical characteristics include a rubber roof and a lot measuring 140x245 IRREG, with the property built in 1971.
The current performance is described as an 8 CAP, and annual escalations are noted. The site is positioned along the Plainfield Avenue corridor, with the remarks also referencing potential redevelopment when packaged with adjacent properties.
Key Highlights
- Three fully leased retail units totaling approximately 8,100 SF
- NNN lease terms with extensions of another 4 to 5 years
- Service bays and overhead doors for flexible tenant use
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Three fully leased retail units operate under NNN terms with lease extensions of 4 to 5 years.
Where is this retail space located?
The property is located at 4061 Plainfield Avenue Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Three fully leased retail units totaling approximately 8,100 SF; NNN lease terms with extensions of another 4 to 5 years; Service bays and overhead doors for flexible tenant use
