5344 Plainfield Ave 4 Unit Plaza

Office for Sale
Catylist Listing ID: 30527799
Property Subtypes: Flex Space, Net Leased, Office Building, Research & Development
Building Size (RSF): 8,400 SF
Gross Building Area: 8,520 SF
Gross Land Area: 1.35 Acres
Sale Price: $775,000
Unit Price: $92.26 PSF
Ceiling: 15 ft.
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2019

Overview / Comments

New to the market, this 8500 SF brick 4 unit plaza is located on Grand Rapids NE side, one block west of E Beltline. Tenants include C/S Solutions, Farmers Insurance and AVA Hearing. Suite 1 is available for lease. Plenty of parking in front and back with large pylon signage at the road.

Current Tenants

Tenant Business Name C/S Solutions
Suite Number Suite 2
SF of Space Occupied 2,393 SF
Tenant Business Name Farmers Insurance
Suite Number Suite 3
SF of Space Occupied 1,300 SF
Tenant Business Name AVA Hearing
Suite Number Suite 4
SF of Space Occupied 2,427 SF

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: Plainfield Corridor
Taxing Authority: Plainfield Twsp.
Tax ID/APN: 41-10-26-128-015
Zoning: C-1
Property Located Between: One Block West of E Beltline on Plainfield
Property Visibility: Good
Site Description: Large front and back parking lot
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,500 SF
Year Built: 1969
Year Renovated: 2014
Roof Type: Flat
Construction/Siding: Block, Brick
Exterior Description: Brick exterior
Parking Type: Surface
Parking Description: Font and back
Total Parking Spaces: 50
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Main entry with separate offices and conference rooms with small kitchenettes
Lot Frontage: 167
Lot Depth: 420
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress, Utilities
Legal Description: PART NE 1/4 NW 1/4 COM ON S LINE OF PLAINFIELD AVE AT A PT 708 FT S & 685 FT W FROM N 1/4 COR TH S 214.5 FT TH W 65 FT TH S TO A PT 150 FT N FROM N LINE OF GRAND RIVER DR /66 FT WIDE/ TH W 110 FT TH N TO S LINE OF PLAINFIELD AVE TH E 175 FT TO BEG * SEC 26 T8N R11W 1.35 A.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,825 34,220 92,080
Median Age: 41.08 39.56 38.41
Households: 1,868 12,950 35,596

Contact

Photograph of Listing Agent

Roger Ackerman

Keller Williams GR North
CARWM Member
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