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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4061 Plainfield Ave NE , Grand Rapids, MI 49525
$1,080,000
Est. Payment: $2,400.00/mo
0 Bed
3 Bath
8126 Sqft
Status: Active | Days on site: 7
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House 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.

Highlights

Listed by Brian T DeSmit , 616-813-3402 Apex Realty Group , 616-277-1463.

Property Type

Commercial Sale

Lot/Acreage
0.7

Year Built

1971

County

Kent

School District

Northview

Listing ID

26038601

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:3
  • Full Bathrooms:3
Other:
  • Additional:Broadband

Exterior Features

Roof:Rubber
Principal Interest
$2,400
Taxes
$1,474

Home Price

$1,080,000

Loan Details

30 yrs
%

Down Payment

20%
$216,000
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Monthly Price:
$2,400.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,400.00 $1,473.50 $0.00 $3,873.50
Yearly $28,800.00 $17,682.00 $0.00 $46,482.00
Total $864,000.00 $530,460.00 $0.00 $1,394,460.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Grand Rapids, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.