Financial
Distress signals
Property profile

5366 Plainfield Ave NE Grand Rapids, MI 49525

FOR LEASE
Commercial real estate
Property ID
US43-0993794
1.29 ac lot
Last sale Apr 2016
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 12,750 square foot retail property, situated on a 2-acre lot (87,120 sq ft), presents a unique investment opportunity in Grand Rapids, Michigan. Built in 2001, this single-story building boasts a prime location on Plainfield Avenue NE (M-44 Connector), providing convenient access to downtown and the East Beltline. The property features multiple tenancies, with 4,190 square feet of readily adaptable space previously occupied by a dance studio and fitness center. This

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?
$17k
Tax billed · 2021
Assessed value · 2023$442k
Effective rate3.84%

Value estimate

· Sep 2026
$295k
$266k – $325k
NOI build-up
Gross scheduled income$280k
Vacancy & credit loss−$16k
Operating expenses−$79k
NOI · 1,232,140.00% cap applied$185k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$88/SF
Submarket average, outlier-cleaned · 377 recorded sales of this use type
Observed band · Q1–Q3$44 – $138

Cap rate analysis

How does the asset earn?
1,232,140.00%
$185k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1
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 Office9.3
Storage Facility9.3
Laundry Service8.9

Location

5366 Plainfield Ave NE Grand Rapids, MI 49525
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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
435 Park NE, Grand Rapids, MI 49525-2541 $170,000 Feb 2026 3,077 SF
1361 Elmdale NE, Grand Rapids, MI 49525-2700 $1,450,000 Mar 2025 13,849 SF
3322 Beltline NE, Grand Rapids, MI 49525-9480 $1,800,000 Jan 2025 No data
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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