$650,000
Grand Rapids, MI 49503
MLS# 26046990
5000 sqft
1 / 27
Property Description
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 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.
Details
Location & Property Info
Cross Streets: Ann and Plainfield
Property Sub-Type: Retail
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 130
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: irregular
Road Frontage: 72
Waterfront: No
Year Remodeled: 2022
Total # Units: 5
Total # Bldgs: 1
# Fin Bldg Lvls: 5000
Total SqFt: 5000
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4443
Year Built: 1910
Full Baths: 4
Tax Info
Taxable Value: 168400
SEV: 168400
For Tax Year: 2025
Seller's Annual Property Tax: 8734.38
Tax Year: 2026
Homestead %: 0
Spec Assessment & Type: NA
Zoning: Commercial
Tax ID #: 41-14-18-205-004
Remarks & Misc
Public Remarks: 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 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.
Legal: LOT 174 EXC COM ON E LINE OF OAKWOOD AVE 161.69 FT N OF N LINE OF ANN ST TH N 38.45 FT ALONG SD AVE LINE TH SE LY 147.86
Property Use
Investment: 1
Net Leased (nnn): 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Block: 1
Concrete: 1
Frame/Wood: 1
Exterior Material
Block: 1
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Business Includes
Real Estate: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
Natural Gas Available: 1
Phone Available: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1809
Street Name: Plainfield
Suffix: Avenue
Post Direction: NE
State: MI
Zip Code: 49503
Zip (4): 4706
OfficeContract Info
Status: Active
Current Price: $650,000
List Price: $650,000
Listing Date: 2026-09-02
Property Features
Property Use: Investment; Net Leased (nnn)
Uses: Professional Service; Professional/Office; Restaurant; Retail
Business Includes: Real Estate
Construction Type: Block; Concrete; Frame/Wood
Exterior Material: Block; Brick
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; Natural Gas Available; Phone Available
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Possession: Close Of Escrow
Listing Office: Kilner Group Realty
Listing Agent: Joseph B Kilner
Last Updated: September - 22 - 2026
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