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    1541 Plainfield Avenue NE

    Grand Rapids, MI 49505
    • $349,000
    • STATUS: Active
    • ON SITE: 70 days
    • MLS #: 21019296
    Price Reduced
    $349,000
    • 0
      BEDS
    • 0.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,182
      SQFT
    • $160
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    School District:

    Description

    Amazing Investment Opportunity! Available on Land Contract! 3-Unit, mixed use property that has been freshly updated. Unit 1 is a Retail Space that is currently ''The Feet Suite''. The sale of this property comes with all the fixtures, furnishings and transfer of business ownership to the new owner. The Feet Suite is a profitable and very manageable business with little overhead. The updated commercial space could rent for $1,500-$2,000 per month. Unit 2 is a turnkey rental that is currently used as an Airbnb and is fully furnished, furnishings and bookings are also included with the sale. Airbnb has had a very steady income of approx. $2,000 per month. Unit 3 is currently leased month to month with the manager of ''the feet suite'',this unit could rent for $1,100 per month. There currently aren't any leases signed for the property which leaves the options open for the new owners. Some other notable features include: property is in the growing Creston Neighborhood and the commercial space has great visibility to traffic on Plainfield. There is a garden space that was created at the rear of the building for future tenants. Utilities are split and have been upgraded in the last couple of years, there is a basement that has an abundance of storage and units have updated appliances with dishwashers included. Owner will consider a Land Contract Sale, terms to be determined if desired. Don't waste time, come and check out this property today!

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    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-08-05T00:00:06.177.
    www.c21choward.com/homes/117615242
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    1541 Plainfield Avenue NE Grand Rapids, MI 49505

    • Price: $349,000
    • Status: Active
    • MLS #: 21019296
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.08
    Acres
    2,182
    SQFT
    $160
    $/SQFT
    1953
    Built
    Neighborhood:
    City Of Grand Rapids
    County:
    Kent
    Area:
    G41 - Kent County
    School District:
    Grand Rapids
    Property Description
    Amazing Investment Opportunity! Available on Land Contract! 3-Unit, mixed use property that has been freshly updated. Unit 1 is a Retail Space that is currently ''The Feet Suite''. The sale of this property comes with all the fixtures, furnishings and transfer of business ownership to the new owner. The Feet Suite is a profitable and very manageable business with little overhead. The updated commercial space could rent for $1,500-$2,000 per month. Unit 2 is a turnkey rental that is currently used as an Airbnb and is fully furnished, furnishings and bookings are also included with the sale. Airbnb has had a very steady income of approx. $2,000 per month. Unit 3 is currently leased month to month with the manager of ''the feet suite'',this unit could rent for $1,100 per month. There currently aren't any leases signed for the property which leaves the options open for the new owners. Some other notable features include: property is in the growing Creston Neighborhood and the commercial space has great visibility to traffic on Plainfield. There is a garden space that was created at the rear of the building for future tenants. Utilities are split and have been upgraded in the last couple of years, there is a basement that has an abundance of storage and units have updated appliances with dishwashers included. Owner will consider a Land Contract Sale, terms to be determined if desired. Don't waste time, come and check out this property today!
    Exterior Features

    Construction Type Frame/Wood Driveway Gravel Exterior Material BrickVinyl Siding Finished Building Levels 2182.00 Lot Dimensions 0.00 Number Of Buildings 1.00 Road Frontage 0.00 Roofing CompositionRubber Waterfront No

    Interior Features

    Below Grade Partial Heat Source Natural Gas Heat Type Forced Air

    Property Features

    Annual Property Tax 3308.00 Association Greater Regional Alliance Of Realtors Business Includes EquipmentFurnitureReal Estate Commercial Type Retail/Commercial Current Use Mixed Use New Construction No Sale Conditions None Sewer Public Tax Year 2020 Tenant Pays ElectricGasTrash Terms Available CashLand ContractOther Uses Professional ServiceProfessional/OfficeRetail Util Avl At Street BroadbandCableElectricNatural GasPublic SewerPublic WaterStorm SewerTelephone Utilities Attached CableElectricNatural GasTelephone Water Public Zoning Commercial

    Listing provided courtesy of Justin A Wisniewski of 616 Realty Llc. © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed.
    © 2021 MichRIC, LLC. All rights reserved. Information deemed reliable but not guaranteed. Updated: 2021-08-05T00:00:06.177.
     
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