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$1,080,000
Est. payment /mo
3 Baths
8,126 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,126 sqft
Price per Sqft $132
MLS Listing ID 65026038601
Year Built 1971
Lot Size 0.700 Acres
Acres 0.7
Property Description
Don't miss this outstanding investment opportunity featuring three fully leased commercial units totaling approximately 8,100 square feet in the highly traveled Plainfield Avenue Corridor. This property offers excellent visibility and exposure, making it an attractive location for long-term tenants and future appreciation. All three units are fully occupied with lease NNN terms extending another 4 to 5 years, providing immediate, stable cash flow for investors. The building is well-equipped for a variety of commercial and retail uses, featuring service bays and overhead doors that add flexibility and functionality for tenants. Strategically positioned along one of the area's busiest commercial corridors, this property benefits from strong traffic counts, excellent accessibility, and a thriving business environment. Performs at an 8 CAP + currently with annual escalations. Package this listing up with the next-door bank building and acreage to the west for a redevelopment site.
Location
State MI
County Kent
Area Area41101Plainfieldtwp
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Asphalt
Utilities Available CableConnected, ElectricityConnected, NaturalGasConnected, PhoneAvailable, PhoneConnected
View Y/N No
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Northview
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition AgentOwned
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Listed by Brian T DeSmit of Apex Realty Group
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