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3423 Plainfield Ave NE

1,954 SF Retail Building Grand Rapids, MI 49525 £2,578,173 (£1,319/SF) 10.30% Net Initial Yield

Investment Highlights

  • Active Lease with Skymint/3Fifteen.
  • Excellent Road Visibility & Ample Parking.
  • 10.3% Cap Rate

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
1,954 SF
Building Class
B
Year Built/Renovated
1910/2020
Price
£2,578,173
Price Per SF
£1,319
Net Initial Yield
10.30%
NOI
£265,552
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.38 AC
Zoning
General Commercial - Commercial Zoned District
Frontage
160 ft on Plainfield Ave NE

Amenities

  • Corner Lot
  • Pylon Sign
  • Signalised Intersection

Nearby Major Retailers

WW
Chase Bank
Huntington Bank
Tim Hortons
Freddy's Frozen Custard & Steakburgers
Independent Bank
Denny's
Fifth Third Bank
Meijer
Bank of America

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
41-14-05-230-002
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£157,898
  • Listing ID: 33638289

  • Date on Market: 25/10/2024

  • Last Updated:

  • Address: 3423 Plainfield Ave NE, Grand Rapids, MI 49525

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