1135 Grand Rpd, Grand Rapids, MI 49503
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.