$ 650,000
-
$650,000
Price -
0.1
Acre
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About the Listing 650011161305 - 65180009894973
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.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Forced Air,Central Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5000
- Basement:
- Other: Forced Air,Central Air
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: irregular
- Zoning: Other
- Roof:
- Others: Block,Brick,Frame,Wood
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $8,734
- Taxes w/Assessments: N/A
- Tax/Property ID: 411418205004
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1809 Plainfield Ave NE Grand Rapids, MI 49503
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