1809 Plainfield Avenue NE, Grand Rapids, MI 49503

$700,000
4
BA

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List Price
$700,000
Days on Market
2
MLS#
26046990
Status
ACTIVE
Type
Commercial
Bathrooms
4
Full-baths
4

Property Description

Excellent opportunity to acquire a fully occupied, five-suite commercial investment property along the highly visible Plainfield Avenue corridor in Grand Rapids' desirable Creston neighborhood. The building offers approximately 5,000 square feet of total rentable space including recently renovated basement offices, providing multiple income streams, and reduced exposure to any single tenant. The tenant mix includes a restaurant space equipped with a commercial hood, fire-suppression system, grease trap, kitchen, , along with four additional commercial suites. The entire building is currently leased and offers investors a strong capitalization rate with immediate income from a diversified tenant base. Located near established restaurants, retailers, residential neighborhoods and public transportation, this is a compelling opportunity to acquire a stabilized commercial asset with long-term upside in one of Grand Rapids' active neighborhood business corridors.

Additional Information

Taxes
$8,734
Acres
0.10
Heating
Forced Air
School District
Grand Rapids
Utilities
Electricity Connected, Natural Gas Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available
Water
Public Water

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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: John McMahon from Listing Office: Kilner Group Realty.

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