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Property profile & analytics

4940 Plainfield NE Ave Grand Rapids, MI 49525-1019

  • Commercial real estate
  • 4.37 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US43-1147815
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Grand Rapids Racquet and Fitness / Racquetball Club / Tennis Instructor

Property Details for 4940 Plainfield NE Ave

Lot size
4.37 lot acres
Zone code
C-3
Property type
Commercial real estate
APN
41-10-27-252-022
APU
411027252022

Description

This exceptional 4.42-acre commercial property, located at 4940 Plainfield Ave NE in Grand Rapids, Michigan, presents a unique investment opportunity. Currently zoned Commercial Improved C-4, this meticulously maintained site boasts a substantial 87,016 square feet and is priced at $4,000,000, or $45.97 per square foot. Its strategic location on the heavily trafficked North Plainfield corridor ensures high visibility and convenient access for potential businesses. Ample parking is available, catering to the needs of a diverse clientele. The property's versatility allows for a range of commercial uses, making it an attractive prospect for various enterprises. The existing structure, previously used as a thriving racquet and fitness club, demonstrates the site's potential for expansion and increased membership. This prime location in Kent County, Michigan (zip code 49525), offers significant growth potential and a strong return on investment. The property's size and zoning make it suitable for a variety of commercial ventures, capitalizing on the high traffic volume and visibility of its location. This is a rare opportunity to acquire a substantial commercial property in a desirable and rapidly developing area of Grand Rapids. The property's history as a successful fitness club further underscores its potential for continued success under new ownership.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Grand Rapids
County
Kent
State
Michigan
Longitude
-85.5957
Latitude
43.0511
CBSA code
24340
CBSA name
GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$23,463
$0.00
$0.00
$566,100
-
$0.00
$0.00
$1,132,200
More about this property
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