4160 Plainfield Ave. NE Grand Rapids, MI 49525
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4160 Plainfield Ave NE |
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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
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Construction Status:
Existing
Year Built: 1000
Adjusted Year Built: 1000
Building Size: 14100 Sq. ft.
Occupancy: 100%
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Documents:
·Brochure
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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