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    3470 Plainfield Ave Grand Rapids, MI 49525

    Sponsored
    For Lease
    $1.38 SF/Yr

    Prime Plainfield Ave. Shopping Center Space

    Lot size:
    201,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 201,360 square foot, single-story Class B shopping center is situated on a 14.05-acre lot in Grand Rapids, Michigan's Plainfield Corridor submarket. Located at 3470 Plainfield Ave NE, this multi-tenant property offers significant leasing opportunities with 73,483 square feet currently vacant. Spaces range from a minimum of 1,595 square feet to a maximum contiguous space of 56,156 square feet, providing flexibility for a variety of retail businesses. The property benefits from a high-traffic location at the corner of Plainfield Avenue and 4 Mile Road, experiencing over 37,000 cars daily. This established center boasts a strong tenant mix, including notable businesses such as Big Lots, Harbor Freight Tools, Spectrum Health, Ken's Market, Jimmy John's, and the Secretary of State. The property's Kent County location and proximity to major thoroughfares provide excellent visibility and accessibility for potential tenants. This is a rare opportunity to secure space in a thriving retail center within a dynamic and growing area of Grand Rapids. The property is categorized as a shopping center with multiple available suites. The address is 3470 Plainfield Ave NE, Grand Rapids, MI 49525.

    Property Features for 3470 Plainfield Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    201,360 SF
    Class
    B
    Total Rate
    23156.4

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    3442
    Size
    1,595 SF
    Rate per SF
    $144
    Space
    3518B
    Size
    11,732 SF
    Rate per SF
    $66
    Space
    3470
    Size
    50,552 SF
    Rate per SF
    $48
    Space
    3508
    Size
    4,000 SF
    Rate per SF
    $144
    Space
    3518
    Size
    20,038 SF
    Rate per SF
    $13
    Space
    Ground Lease
    Size
    60,000 SF
    Rate per SF
    $1.38

    HighLights

    • 201,360 SF single‑story Class B shopping center on a 14.05‑acre lot in Grand Rapids, MI's Plainfield Corridor.
    • 73,483 SF of vacant space available, with suites ranging from 1,595 SF to 56,156 SF.
    • High‑traffic location at Plainfield Ave NE & 4 Mile Rd, with over 37,000 cars daily.
    • Strong tenant mix including Big Lots, Harbor Freight, Spectrum Health, and others.
    • Located at 3470 Plainfield Ave NE, Grand Rapids, MI 49525.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -85.6304477
    Latitude
    43.0263116

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    FAQs

    What type of property is this?
    Lifestyle center - Prime Plainfield Ave. Shopping Center Space
    Where is this lifestyle center located?
    The property is located at 3470 Plainfield Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $1.38-$144 SF/Yr.
    What are key features of this property?
    This property features: 201,360 SF single-story Class B shopping center on a 14.05-acre lot in Grand Rapids, MI's Plainfield Corridor.; 73,483 SF of vacant space available, with suites ranging from 1,595 SF to 56,156 SF.; High-traffic location at Plainfield Ave NE & 4 Mile Rd, with over 37,000 cars daily.
    Request Owner's contact information
    3470 Plainfield Ave Grand Rapids, MI 49525
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    Grand Rapids, MI 49525
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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
    3470 Plainfield Ave Grand Rapids, MI 49525
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