Multi-Tenant Retail Car Wash
4214 Plainfield Avenue NE Grand Rapids, MI 49525
4214 Plainfield Avenue NE, Grand Rapids, MI, 49525
$565,000
For Sale
$565,000
Three-suite retail building includes a pull-through wash bay, customer parking, and separate suite entrances.
Property Size4,147 SF
Price / SF$136.24
Days on Market206
Property Features for 4214 Plainfield Avenue NE
General Information
- Standard status
- Active
- Size
- 4,147 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1964
Listing agency
(616) 394-4500
Listed by
Lakeshore Commercial Real Estate
Source
Xome
Added: Dec 28, 2025 Updated: Jul 22 at 12:21AM Checked: Jul 22 at 3:47AM
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 Lakeshore Commercial Real Estate
Investment Insights
Based on property information with market context.
This three-suite retail building totals 4,147 SF and is designed for multi-tenant occupancy. The property includes a pull-through wash bay previously used for vehicle wash and detailing, along with on-site customer parking. Each suite has its own separate entrance.
The building has frontage and access on Plainfield Avenue NE, with additional access on Northville Drive NE.
Zoned MXU, the property offers flexibility for a wide array of potential uses.
The building has frontage and access on Plainfield Avenue NE, with additional access on Northville Drive NE.
Zoned MXU, the property offers flexibility for a wide array of potential uses.
Key Highlights
- 3‑suite retail building totaling 4,147 SF
- Built in 1964
- Pull‑through wash bay previously used for vehicle wash/detailing
Local Financial Insights For Industrial
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 | $64.7k | $15.60 |
| − Vacancy | −$2.9k | −$0.70 |
| EGI | $61.8k | $14.90 |
| − OpEx | −$18.5k | −$4.47 |
| NOI | $43.2k | $10.43 |
4,147 SF · lease $15.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$962.4K
$842.1K – $1.12M
NOI $67,368 @ 7.0% cap · market cap 11.92%
Second Best
Retail
$858.8K
$751.4K – $1.00M
NOI $60,114 @ 7.0% cap · market cap 10.64%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Enterprise Rent-A-Car
Car Rental Facility
Resolution Insurance Group ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-suite retail building includes a pull-through wash bay, customer parking, and separate suite entrances.
Where is this retail space located?
The property is located at 4214 Plainfield Avenue NE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 3‑suite retail building totaling 4,147 SF; Built in 1964; Pull‑through wash bay previously used for vehicle wash/detailing
