Excellent opportunity to acquire a fully occupied, five-suite commercial investment property along the highly visible Plainfield Avenue corridor in Grand Rapids' desirable Creston neighborhood. The building offers approximately 5,000 square feet of total rentable space including recently renovated basement offices, providing multiple income streams, and reduced exposure to any single… Read More tenant. The tenant mix includes a restaurant space equipped with a commercial hood, fire-suppression system, grease trap, kitchen, , along with four additional commercial suites. The entire building is currently leased and offers investors a strong capitalization rate with immediate income from a diversified tenant base. Located near established restaurants, retailers, residential neighborhoods and public transportation, this is a compelling opportunity to acquire a stabilized commercial asset with long-term upside in one of Grand Rapids' active neighborhood business corridors. Read Less
Courtesy of Kilner Group Realty, John McMahon.
Listing Snapshot
Days Online
4
Last Updated
Property Type
Retail
Square Ft.
5,000
Lot Size
0.1 Acres
Year Built
1910
MLS Number
26046990
30 Days Snapshot Of 49503
$323k
-9%
(avg) sold price
22
+15%
homes sold
61
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 5,000, Number Of Buildings: 1, Number Of Units Total: 5, Year Built: 1910, 5000 total stories
