1541 Plainfield Ave NE

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30090748
Property Subtypes: Mixed Use, Street Retail, Other
Status: Pending/Contingent
Building Size (RSF): 2,182 SF
Gross Building Area: See Agent
Sale Price: $139,900
Unit Price: $64.12 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2017

Overview / Comments

Highly visible office or retail building on Plainfield Ave..Just a short 5 minutes drive to Grand Rapids downtown. Fantastic opportunity for an investor or office user.
Main floor currently has 3 separate rooms that could be easily transformed to a large office space with front on Plainfield Ave. In the back there is an apartment, currently leased on a month to month basis, and another 1 bedroom apartment upstairs generating steady income.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: Northeast Business District
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-18-327-026
Retail Clientele: Business
Property Visibility: Excellent
Largest Nearby Street: Leonard
Highway Access: US- 131
Airports: Gerald Ford
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Fair
Year Built: 1953
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central, Wall Units
Air Conditioning: Window Unit, Other
Zoning Description: Commercial Improved
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PART OF LOT 14 COM AT NW COR OF SD LOT TH SELY ALONG NLY LINE OF SD LOT 125.0 FT TO NE COR OF SD LOT TH SWLY ALONG SLY LINE OF SD LOT 31.86 FT TH N 61D 51M 26S W 14.05 FT TH N 28D 08M 34S E 3.30 FT TH N 61D 51M 26S W 110.95 FT TO NLY LINE OF SD LOT TH NELY ALONG NLY LINE OF SD LOT 28.80 FT TO BEG * DR H.G. SAUNDERS ADDITION SPLIT ON 02/08/2006 FROM 41-14-18-327-015, 41-14-18-327-016;

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,833 123,179 246,998
Median Age: 29.86 33.29 33.87
Households: 7,011 49,944 93,921


Photograph of Listing Agent

Mirzet Alic

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