1251 Plainfield Ave Grand Rapids, MI 49505

This unique Grand Rapids investment opportunity presents a mixed-use property totaling 13,093 square feet, situated on a 0.54-acre lot (APN 411418355010). The property, located at 1251 Plainfield Ave NE, 49505, Kent County, Michigan, is comprised of a three-story building constructed in 1925 and renovated in 1960. Its permitted zoning is 201 COMMERCIAL-IMP. The property's diverse income streams include warehouse space, retail space, and multifamily units. Currently, 7,910 square feet of warehouse space is vacant and available for an owner-user. A 1,475 square foot retail suite is leased to Metro PCS. Additionally, three apartments are fully leased, contributing to a strong rental income stream. The asking price is $945,000, translating to $75.99 per square foot. This presents a compelling opportunity for investors seeking a diversified portfolio with significant potential for growth and value appreciation. The property's prime location in Grand Rapids offers excellent access to transportation and a thriving local economy. This is a rare chance to acquire a well-positioned mixed-use asset with immediate income generation and significant upside potential.