About 1809 Plainfield Avenue Ne
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.
Features of 1809 Plainfield Avenue Ne
| MLS® # | 65026046990 |
|---|---|
| Price | $650,000 |
| Bathrooms | 4.00 |
| Acres | 0.10 |
| Year Built | 1910 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 1809 Plainfield Avenue Ne |
|---|---|
| Area | 41142 - Grand Rapids |
| City | Grand Rapids city |
| County | Kent |
| State | Michigan |
| Zip Code | 49503 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Phone Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Construction | Block, Concrete, Frame, Wood Siding |
|---|
School Information
| District | Grand Rapids |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Kilner Group Realty |
|---|---|
| Contact Info | john@pmhomes.us |