Properties for sale in Michigan

Overview

Description

Don't miss this outstanding investment opportunity featuring three fully leased commercial units totaling approximately 8,100 square feet in the highly traveled Plainfield Avenue Corridor. This property offers excellent visibility and exposure, making it an attractive location for long-term tenants and future appreciation. All three units are fully occupied with lease NNN terms extending another 4 to 5 years, providing immediate, stable cash flow for investors. The building is well-equipped for a variety of commercial and retail uses, featuring service bays and overhead doors that add flexibility and functionality for tenants. Strategically positioned along one of the area's busiest commercial corridors, this property benefits from strong traffic counts, excellent accessibility, and a thriving business environment. Performs at an 8 CAP + currently with annual escalations. Package this listing up with the next-door bank building and acreage to the west for a redevelopment site.

Location Property Info

County: Kent
Street #: 4061
Street Name: Plainfield
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49525

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.7
Lot Square Footage: 30492
Lot Dimensions: 140x245 IRREG
Year Built: 1971
Road Frontage: 140
Total # Units: 3
# Fin Bldg Lvls: Yes
Total # Bldgs: Yes
Total SqFt: 8126
Property Use Type: Net Leased (nnn)
Full Baths: 3
Waterfront: No
School District: Northview

Tax Info

Tax ID #: 41-10-33-253-024
Taxable Value: 350300
SEV: 350300
For Tax Year: 2026
Seller's Annual Property Tax: 17682
Tax Year: 2025
Spec Assessment & Type: None Known
Zoning: C-1 COM
Homestead %: 0

Remarks Misc

Directions: From 96, north on Plainfield Ave to property.

Waterfront Options

Water Access Y/N: No

More Information

Unit 1

Unit Description: Auto Service
SqFt: 3283
Occupied: Yes
Rent $/Month: 3421
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

Unit 2

Unit Description: Retail
SqFt: 2560
Occupied: Yes
Rent $/Month: 2550
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

Unit 3

Unit Description: Retail
SqFt: 2283
Occupied: Yes
Rent $/Month: 1500
Tenant Pays Electric: Yes
Tenant Pays Gas: Yes
Tenant Pays Sewer: Yes
Tenant Pays Trash: Yes
Tenant Pays Water: Yes

Location & Property Info

Cross Streets: Plainfield Ave & Jupiter
Property Sub-Type: Business Opportunity
Municipality: Plainfield Twp
Ownership Type: Broker/Agent Owned

Office/Contract Info

Auction or For Sale: For Sale
List Price/SqFt: 132.91
Prop Avail for Lease?: No

Remarks & Misc

Public Remarks: Don't miss this outstanding investment opportunity featuring three fully leased commercial units totaling approximately 8,100 square feet in the highly traveled Plainfield Avenue Corridor. This property offers excellent visibility and exposure, making it an attractive location for long-term tenants and future appreciation. All three units are fully occupied with lease NNN terms extending another 4 to 5 years, providing immediate, stable cash flow for investors. The building is well-equipped for a variety of commercial and retail uses, featuring service bays and overhead doors that add flexibility and functionality for tenants. Strategically positioned along one of the area's busiest commercial corridors, this property benefits from strong traffic counts, excellent accessibility, and a thriving business environment. Performs at an 8 CAP + currently with annual escalations. Package this listing up with the next-door bank building and acreage to the west for a redevelopment site.
Legal: Long Legal. See attached Supplement.

Street Type

Public: Yes

Property Use

Net Leased (nnn): Yes

Utilities Attached

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes

Sewer

Public Sewer: Yes

Water

Public Water: Yes

Uses

Auto Service: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Retail: Yes
Storage: Yes
Other: Yes

Construction Type

Block: Yes

Exterior Material

Brick: Yes

Roofing

Rubber: Yes

Heat Source

Natural Gas: Yes

Sale Conditions

None: Yes

Heat Type

Forced Air: Yes

Business Includes

Non-Applicable: Yes

Util Avail at St

Electricity Available: Yes
High Speed Internet: Yes
Phone Available: Yes

Tenant Pays All

Common Area Maintena: Yes
Electric: Yes
Gas: Yes
Janitorial: Yes
Prop Taxes/Assess: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Driveway

Asphalt: Yes

Purchase Terms Avail

Cash: Yes
Conventional: Yes

Possession

Close Of Escrow: Yes

Property Features

Property Use: Net Leased (nnn) Uses: Auto Service; Professional Service; Professional/Office; Restaurant; Retail; Storage; Other Business Includes: Non-Applicable Construction Type: Block Exterior Material: Brick Roofing: Rubber Tenant Pays All: Common Area Maintena; Electric; Gas; Janitorial; Prop Taxes/Assess; Sewer; Trash; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected; Phone Connected Util Avail at St: Electricity Available; High Speed Internet; Phone Available Heat Source: Natural Gas Heat Type: Forced Air Driveway: Asphalt Street Type: Public Purchase Terms Avail: Cash; Conventional Sale Conditions: None Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Unit 3: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water Possession: Close Of Escrow

4061 Plainfield Avenue NE, Grand Rapids, MI 49525