Financial
Distress signals
Property profile

1151 Plainfield NE Ave Grand Rapids, MI 49503

OFF-MARKET
Commercial real estate
Property ID
US43-0513495
7,530 SF 0.2 ac lot Built 1940
Last sale Nov 2015
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Grand Rapids commercial property, located at 1151 Plainfield Ave NE, offers a unique blend of warehouse and traditional office space. The 10,246 square foot building sits on a 1.02-acre lot and is classified as Class C. Currently configured as a single-tenant building, the property is easily adaptable for multi-tenant occupancy, featuring separately metered utilities and separate entrances for enhanced flexibility. The building boasts two stories, with the upper level (east

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2021

What does the county charge?
$10k
Tax billed · 2021
Assessed value · 2023$331k
Effective rate3.17%

Value estimate

· Sep 2026
$300k
$270k – $330k
Submarket $/SF estimate$576k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$104/SF
ZIP average, outlier-cleaned · 73 recorded sales of this use type
Observed band · Q1–Q3$55 – $152
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
TN-TCC
JurisdictionKENT

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.1
Nail Salon13.5
Hair Salon10.9

Location

1151 Plainfield NE Ave Grand Rapids, MI 49503-1035
County assessor Recorded deeds · 3 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
619 College NE, Grand Rapids, MI 49503-1709 $250,000 Jul 2025 8,516 SF
601 Eastern SE, Grand Rapids, MI 49503-5516 $350,000 Mar 2024 9,800 SF
609 Eastern SE, Grand Rapids, MI 49503-5516 $350,000 Mar 2024 5,235 SF
444 Paris SE, Grand Rapids, MI 49503-5451 $625,000 Dec 2023 5,925 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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