Dave Kwekel
fax 616-583-1201

4160 Plainfield Ave. NE Grand Rapids, MI 49525


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4160 Plainfield Ave NE

Price: US$ 875,000.00
No. Of Units: 1
Status: Sold
Category: For Sale
Type: Retail
Sub-Type: Retail - Free Standing Bldg
Property Uses: Investment Property

Construction Status: Existing
Year Built: 1000
Adjusted Year Built: 1000
Building Size: 14100 Sq. ft.
Occupancy: 100%


Property Description:

Salvation Army has been a tenant at 4160 Plainfield Ave since 2007.  This is a 14,100sf building.  They are currently paying $8479 per month and the lease terminates Aug 31, 2023.  The Salvation Army has executed a five year renewal for $9646 per month starting Sept 2023.  The landlord pays property taxes and common area maintenance.  NOI is approx. $83,700 for the renewal period.

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