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    3150 Plainfield Ave Grand Rapids, MI 49503

    Sponsored
    For Lease
    $12 SF/Yr

    Grand Rapids retail space, high visibility.

    Lot size:
    68,580 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Plainfield Plaza, located at 3150 Plainfield Avenue Northeast in Grand Rapids, Michigan, presents a prime retail opportunity. This Class B commercial property boasts 68,580 total square feet situated on a 5.774-acre lot, zoned 210 commercial - improved within Kent County. Currently, 11,800 square feet of retail space is available, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 8,300 square feet. The property benefits from its location on a high-traffic corridor, experiencing daily vehicle counts exceeding 35,000, ensuring significant visibility for tenants. Easy freeway access adds to the convenience and accessibility of this location. This multiple-tenancy property offers a dynamic and thriving business environment within one of West Michigan's most vibrant retail areas. Net lease terms are competitively priced, reflecting current market trends. The property's zip code is 49503. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a bustling Grand Rapids retail hub.

    Property Features for 3150 Plainfield Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    68,580 SF
    Class
    B
    Total Rate
    68580

    Unit(s) available at that property

    Space
    Suite 3144 A
    Size
    1,200 SF
    Rate per SF
    $12
    Space
    Suite 3170
    Size
    8,300 SF
    Rate per SF
    $12
    Space
    Suite 3144 B
    Size
    2,300 SF
    Rate per SF
    $12

    HighLights

    • High traffic count exceeding 35,000 vehicles per day.
    • Prime West Michigan retail location.
    • Excellent freeway access and high visibility.
    • Property in excellent condition.
    • New Scooters Coffee tenant in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gall Sewing & Vac ... Sewing Shop Michigan Natural Classic Event Venue Rice Wok Chinese ... Restaurant Heffron Farms Market Grocery Store B2 Outlet Stores Discount Store

    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
    -85.6336108
    Latitude
    43.0197684

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    FAQs

    What type of property is this?
    Retail property - Grand Rapids retail space, high visibility.
    Where is this retail property located?
    The property is located at 3150 Plainfield Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High traffic count exceeding 35,000 vehicles per day.; Prime West Michigan retail location.; Excellent freeway access and high visibility.
    Request Owner's contact information
    3150 Plainfield Ave Grand Rapids, MI 49503
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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
    3150 Plainfield Ave Grand Rapids, MI 49503
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