Signalized Corner Bank
4065 Plainfield Avenue Northeast Grand Rapids, MI 49525
4065 Plainfield Avenue Northeast, Grand Rapids, MI, 49525
$850,000
For Sale
$850,000
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 Market49
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
(616) 799-6629
Listed by
Russ Bono, CCIM · License #MI 6501380200
(616) 799-6629
Source
Cbre
Added: Jun 3 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 3:57AM
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 Russ Bono, CCIM
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.6k | $22.80 |
| − Vacancy | −$3.8k | −$1.14 |
| EGI | $72.8k | $21.66 |
| − OpEx | −$18.2k | −$5.42 |
| NOI | $54.6k | $16.25 |
3,361 SF · lease $22.80/SF/yr · vacancy 5.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Comerica Bank
Bank
Comerica Bank - ATM
Atm
Similar For Sale Nearby
FAQs
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
