Plainfield Ave- With Parking

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30113072
Property Subtypes: Free-Standing Building, Retail-Pad, Street Retail, Other
Building Size (RSF): 1,785 SF
Gross Land Area: 0.21 Acres
Sale Price: $210,000
Unit Price: $117.65 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: 10.0%
Last Updated: 2/19/2018

Overview / Comments

Great Retail / Office building located on Plainfield Ave in the booming Creston Heights Neighborhood. Building has excellent visibility on a corner lot with 2 curb cuts on Plainfield. Currently fully occupied and used as a 2 tenant building, can be easily combined into one unit if needed. Pylon and building signage, on site parking, well maintained building in excellent condition. Great for both office and retail use. Currently Fully Leased!

Financials

Finance Data Year 2011
Real Estate Taxes - Annual($) $3,000 (Annual)

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-18-380-060
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Other
Property Located Between: Plainfield Ave 1 block north of Leonard.
Largest Nearby Street: Leonard
Feet of Frontage: 100
Highway Access: US 131 at Leonard St.
Site Description: zoned commercial 03
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,785 SF
Property Condition: Excellent
Year Built: 1953
Year Renovated: 2005
Roof Type: Other
Construction/Siding: Block, Brick/Vinyl Siding
Total Parking Spaces: 6
Parking Type: Surface
Parking Description: On site surface parking and street parking
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Lot Frontage: 100'
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,020 129,648 259,916
Median Age: 28.6 32.83 33.66
Households: 8,093 51,435 99,518
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