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: |
$699,000 |
| Unit Price: |
$83.21 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: |
11/18/2020 |
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. |
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 |
|
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