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    OFF-MARKET
    Retail properties & Spaces

    1135 Grand Rpd, Grand Rapids, MI 49503

    4,855 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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