Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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