1224 Plainfield Ave NE, Grand Rapids, MI 49505

Commercial property for lease

• Description
• North Town is pleased to present a significant opportunity to develop a key piece in the highly desirable Creston Neighborhood with in-place investment income. Current Traditional Business Area (TBA) zoning in close proximity to downtown Grand Rapids, with room for surface parking makes this an ideal location for a mixed-use development project site.The property is collectively comprised of 2 separate parcels that total approximately 0.412 acres. There is an existing fully leased mixed use building on the property with 1 commercial suite on the 1st floor and two 3-bedroom / 1-bathroom apartments on the 2nd and 3rd floor respectively. There is a billboard at the property on a month to month lease term terminable with 60 days written notice to the lessee generating additional ancillary income. This creates a flexible opportunity to develop the vacant land with current investment income in-place or to demolish the existing structure and start over for a ground up new construction play. Building price details: $795,000.
• Contact info
• Bradley Hartwell

  North Town Real Estate
• Note

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