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    1135 Grand Rpd Grand Rapids, MI 49503

    Sponsored
    For Sale
    $425,000

    High-traffic retail space, redevelopment opportunity.

    Property size:
    4,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 4,855 square foot storefront, located at 1135 Plainfield Ave NE in Grand Rapids, Michigan, 49503, is offered at $425,000 ($87.54/sq ft). Situated on a 5,282 square foot lot, this property presents a fantastic redevelopment opportunity in a prime downtown location. Its proximity to Belknap Park, Griff's Ice House, the city center, the river, and the 6th Street Bridge provides exceptional visibility and accessibility. The location also benefits from its proximity to the amenities of North Monroe, including the recently announced Spectrum Health development. Furthermore, its position just south of the Creston Heights Market and north of Medical Mile ensures a strong potential customer base. The building offers significant flexibility, suitable for a variety of uses. A large basement with high ceilings provides ample storage space. This exceptional property is ideal for an investor seeking a high-return opportunity in a thriving urban environment. The property's versatility and strategic location make it a compelling investment prospect.

    Property Features for 1135 Grand Rpd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,855 SF

    HighLights

    • $425,000 asking price for this 4,855 square foot retail storefront.
    • Located at 1135 Plainfield Ave NE, Grand Rapids, MI 49503.
    • The property sits on a 5,282 square foot lot, with a price per square foot of $87.54.
    • Excellent redevelopment opportunity in downtown Grand Rapids, near Belknap Park, Griff's Ice House, and the city center.
    • Features a large storage basement with high ceilings and offers flexibility for multiple uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6681695
    Latitude
    42.9834452

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, redevelopment opportunity.
    Where is this individual retail property located?
    The property is located at 1135 Grand Rpd Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for this 4,855 square foot retail storefront.; Located at 1135 Plainfield Ave NE, Grand Rapids, MI 49503.; The property sits on a 5,282 square foot lot, with a price per square foot of $87.54.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1135 Grand Rpd Grand Rapids, MI 49503
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