Property profile

1135 Grand Rpd Grand Rapids, MI 49503

OFF-MARKET
Retail properties & Spaces
4,855 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 4,855 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1135 Grand Rpd Grand Rapids, MI 49503
Grand Rapids metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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