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    456 Plymouth Ave Grand Rapids, MI 49505

    Sponsored
    For Sale
    $750,000

    Grand Rapids Office Building - Multi-Tenant

    Property size:
    5,688 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Grand Rapids investment opportunity presents a 5,688 square foot, single-story office building situated on a 0.613-acre lot. Currently housing three stable tenants in suites A, B, and C/D/F, the property boasts ample free on-site parking, convenient drive-in access, and prominent monument signage. The building is zoned for commercial use and features four individual units. The owner currently occupies Suite E, but will vacate upon sale. The asking price is $750,000, translating to $131.86 per square foot. Located on Plymouth Avenue NE in Grand Rapids, Michigan (zip code 49505), this property offers excellent visibility and accessibility. This is a multi-tenant building with a strong tenant base, making it an attractive investment for those seeking a stable and profitable commercial real estate asset in a desirable location within Kent County. The property's features, including ample parking and prominent signage, contribute to its high appeal and potential for continued success.

    Property Features for 456 Plymouth Ave

    General Information

    Property type
    Office space
    Square Feet
    5,688 SF
    Lot Size
    26,702 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    4

    HighLights

    • Triple‑net leased to three stable tenants.
    • Ample on‑site parking available.
    • Features one drive‑in loading door.
    • Prominent monument signage for excellent visibility.
    • Located in the City of Grand Rapids.
    Property Profile Location Intelligence

    Current Use by Public Records

    Train Out Pain ... Chiropractor Holly Bathrick Social Worker Skye Contracting General Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.625069745906
    Latitude
    42.971567983262

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    FAQs

    What type of property is this?
    Office space - Grand Rapids Office Building - Multi-Tenant
    Where is this office space located?
    The property is located at 456 Plymouth Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Triple-net leased to three stable tenants.; Ample on-site parking available.; Features one drive-in loading door.
    Request Owner's contact information
    456 Plymouth Ave Grand Rapids, MI 49505
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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
    456 Plymouth Ave Grand Rapids, MI 49505
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