Retail Building with Service
For Sale
$1,080,000
4061 Plainfield Avenue NE, Grand Rapids, MI 49525
Three fully leased retail units operate under NNN terms with lease extensions of 4 to 5 years.
Property Size8,100 SF
Price / SF$133.33
Days on Market11
Property Features for 4061 Plainfield Avenue NE
General Information
Standard status
Active
Size
8,100 SF
Property subtype
General Commercial
Occupancy
100%
Additional Details
Cap Rate
8%
Amenities
Rubber
140x245 IRREG
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Apex Realty Group
(616) 813-3402
Listed By:
Brian DeSmit
(616) 813-3402
Source:
Xome
Added: Jul 21
Changed: Jul 30
Last Checked: Jul 30 at 6:56AM
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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
553
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caliber Collision
Shops & Services
553 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
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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 NE 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
