3470 Plainfield AveGrand Rapids, MI 49525

  • Other commercial real estate
  • 14.05 AC
For Lease
$1.38/SF/YR View listing

Property Details for 3470 Plainfield Ave

Lot size
14.05 AC
Property type
Other commercial real estate
APN
41-14-05-229-021
APU
411405229021

Description

This exceptional 201,360 square foot, single-story Class B shopping center is situated on a 14.05-acre lot in Grand Rapids, Michigan's Plainfield Corridor submarket. Located at 3470 Plainfield Ave NE, this multi-tenant property offers significant leasing opportunities with 73,483 square feet currently vacant. Spaces range from a minimum of 1,595 square feet to a maximum contiguous space of 56,156 square feet, providing flexibility for a variety of retail businesses. The property benefits from a high-traffic location at the corner of Plainfield Avenue and 4 Mile Road, experiencing over 37,000 cars daily. This established center boasts a strong tenant mix, including notable businesses such as Big Lots, Harbor Freight Tools, Spectrum Health, Ken's Market, Jimmy John's, and the Secretary of State. The property's Kent County location and proximity to major thoroughfares provide excellent visibility and accessibility for potential tenants. This is a rare opportunity to secure space in a thriving retail center within a dynamic and growing area of Grand Rapids. The property is categorized as a shopping center with multiple available suites. The address is 3470 Plainfield Ave NE, Grand Rapids, MI 49525.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $127,955,152
    Hospitality
    $117,206,232
    Educational
    $97,514,208
    Medical
    $100,867,872
    Retail
    $151,688,768
3470 Plainfield Ave, Grand Rapids, Michigan
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Location Insight

City
Grand Rapids
County
Kent
State
Michigan
Latitude
43.0263
Longitude
-85.6307
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
$55,743
-
-
$2,641,800
-
-
-
$5,283,600

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