FOR SALE 3669 PLAINFIELD AVENUE NE GRAND RAPIDS, MI $550,000

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FOR SALE 3669 PLAINFIELD AVENUE NE GRAND RAPIDS, MI 49525 $550,000 Former Plainfield Lumber is located on 1.19 Acres and is zoned C-2. High traffic counts of 42,632 cars per day makes this a great retail location for your business. Newly constructed Meijer store provides an extreme draw of consumers which surrounding retail businesses benefit from. Large pylon sign provides great visibility off Plainfield Avenue. Plainfield Township, Kent County. 33,696 SF Wood Framed Building 1.19 Acres C-2 Zoning PPN #41-10-32-476-004 AV & TV (2013) $501,900 2012 Property Taxes ($52.5042 Millage) $17,377.71-Summer / $10,307.75-Winter 6,000 SF block building included 1520 Mark St NE 0.40 Acre C-1 Zoning PPN #41-10-32-477-008 AV & TV (2013) $87,500 (2013) 2012 Property Taxes $4,731.67 Mark rk Street t Plainfield Avenue Daniel J. Yeomans, President, MBA, CCIM dyeomans@amicusmanagement.com Chad A. Razmus crazmus@amicusmanagement.com Amicus Management, Inc 555 Cascade West Parkway SE Grand Rapids, MI 49546 (616) 954-2000 * ATTENTION: Please be advised that this property is subject to a court appointed receivership and all sales are contingent upon Court approval. Cooperating brokerage fees will only be paid to brokers who represent a client that closes on the transaction. A full price offer does not entitle a cooperating broker to a commission unless its client is the party approved by the Court and closes on the transaction. All information provided is deemed reliable but is not guaranteed and should be independently verified.

PROPERTY DETAILS 3669 Plainfield Avenue NE Building SF Retail SF Acreage Year Built Ceiling Height Overhead Doors Construction Type Zoning PPN# Assessed Value Taxable Value Taxes Summer Winter Millage 33,696 5,500 +/- 1.19 acres 1949-1967 16 2 Wood Framed C-2 41-10-32-476-004 $501,900 (2013) $501,900 (2013) $27,685.46 (2012) $17,377.71 (2012) $10,307.75 (2012) $52.5042 (2012) 1520 Mark Street NE Building SF Acreage Year Built Ceiling Height Overhead Doors Construction Type Zoning PPN# Assessed Value Taxable Value Taxes Summer Winter Millage 6,000 0.40 acre 1976 16 2 Block C-1 41-10-32-477-008 $87,500 (2013) $87,500 (2013) $4,731.67 $2,966.02 (2012) $1,765.65 (2012) $52.5042 (2012) 2

EXTERIOR PHOTOS 3

INTERIOR PHOTOS 4

AERIAL PHOTOS Mark Street Plainfield Avenue Plainfield Avenue Mark ark kstre Street 5

AERIAL PHOTOS Plainfield Avenue Mark Street Mark k Street Plainfield Avenue Avenue 6

RETAIL MARKET AREA 21 24 23 16 22 15 14 20 12 13 11 17 18 19 10 9 8 5 6 7 2 4 1 3 1 2 3 4 5 6 7 8 Charlie s Bar & Grill Chase Bank Farmer s Insurance CVS Pharmacy Walgreen s Pharmacy Goodwill Bud & Stanley s Pub Aaron s Sales 9 10 11 12 13 14 15 16 Discount Tire Cash Store Village Motor Sports Auto Spa Kool Chevrolet Kool Toyota McDonalds VanAndel Flikk Jeep 17 18 19 20 21 22 23 24 Meyer s Music Fred s Italian Restaurant Big Kidz Games Field s Fabrics Meijer Tim Horton s Fifth Third Tony Betten Ford 7

SURVEY 8

ZONING B A Parcel A 3669 Plainfield NE Zoning: C-2, Commercial Parcel B 1520 Mark St NE Zoning: C-1, Commercial Z O N I N G Well Head Protection Flood Zone Overlay 10 Mile Road Overlay Natrual Rivers Overlay Northeast Beltline Overlay C-1, Commercial C-2, Commercial C-3, Commercial C-4, Commercial C-5, Commercial I, Industrial L E G E N D Cartography, layout and design by REGIS and TOWNSHIP Staff LI, Light Industrial O, Office PUD, Planned Unit Development R-1, Residential R-1A, Residential R-2, Residential R-3, Residential R-4, Residential RE, Rural Estate RP, Rural Preserve VC, Village Commercial 9

ZONING CHAPTER 13 C-1 COMMERCIAL SECTION 13.01 PURPOSE This district is intended to provide for those retail and service uses necessary to serve the residential areas of the Township and its environs. This district is also intended to encourage the concentration of business uses to the mutual advantage of the consumers and merchants. SECTION 13.02 PERMITTED USES Land and/or buildings in this district may be used for the following purposes, provided that all business, service, processing or display of merchandise is conducted wholly within a completely enclosed building, except for off-street parking and loading facilities and signs. A. Retail food establishments supplying the following or similar commodities for consumption off the premises. Foodstuffs may be prepared on the premises as an accessory activity provided that the sale of the products is limited to the local retail store. 1. Baked goods. 2. Beverages. 3. Candy, confections, ice cream. 4. Dairy products. 5. Fruits, vegetables. 6. Groceries. 7. Meats. B. Personal service establishments which perform services on the premises such as: 1. Banks. 2. Barber, beauty shops. 3. Churches 4. Dry cleaning establishments serving only the local retail outlet. 5. Photographic studios. 6. Radio, television, and similar appliance repair shops. 7. Self-service laundries, laundromats. 8. Shoe repair shops. 9. Tattoo parlors. 10. Fitness centers. C. Retail businesses such as: 1. Automotive parts & accessory sales with no installation of parts or accessories. 2. Book, stationary, gift stores. 3. Clothing stores. 4. Decorator shops. 5. Drug stores. 6. Dry goods stores. 7. Floral shops. 8. Furniture, appliance stores. 9. Hardware stores. 10. Jewelry stores. 11. Paint, wallpaper stores. 12. Pet shops. 10

ZONING 13. Variety stores. D. Restaurants, excluding drive-in or drive through service. E. Office uses including medical, dental, architectural, engineering, accounting, law, administrative, real estate, sales representatives without the sale of goods on the premises, and other similar offices. F. Accessory buildings in accordance with the requirements of Section 3.01. G. Wireless Communication facilities as regulated in Section 3.29A.1. H. Other retail businesses or service establishments which supply convenience commodities or perform services primarily for residents of the surrounding neighborhood found by the Planning Commission to be similar to those permitted in this district. SECTION 13.03 PERMITTED USES SUBJECT TO SPECIAL CONDITIONS Land and/or buildings in this district may be used for the following purposes, subject to the conditions hereinafter imposed for each use. A. Automobile gas stations subject to the following conditions: 1. The nearest part of any building or structure shall be a minimum of 100 feet from any R-1, R-1A, R-2 or R-3 district unless the district is separated from the use by a public street. 2. Pump islands shall be located no closer than 35 feet from the front lot line. 3. All pump island canopies shall be located a minimum of 25 feet from the front lot line. 4. All storage and the display of equipment, materials, and merchandise, with the exception of fuel, shall be within a completely enclosed building. 5. No more than two curb cuts shall be constructed to provide ingress and egress. 6. Any automobile gas station located on an interior lot shall have a minimum of 155 feet of frontage on a public street. B. Restaurants including drive-in or drive through service. 1. The nearest part of any building or structure shall be a minimum of 100 feet from any R-1, R-1A, R-2 or R-3 district unless the district is separated from the use by a public street. 2. Space set aside for the stacking of vehicles waiting to be served from a drive-through window shall be a minimum of 35 feet from any R-1, R-1A, R-2 or R-3 district or any existing residential use. 3. Curb cuts serving a restaurant including drive-in or drive through service shall be located a minimum distance of 150 feet from the right-of-way of any intersecting street. 11

ZONING CHAPTER 14 C-2 COMMERCIAL SECTION 14.01 PURPOSE This district is intended to provide general commercial and service uses to meet the needs of the overall community. SECTION 14.02 PERMITTED USES Land and/or buildings in this district may be used for the following purposes: A. Any permitted use in the C-1 Commercial District, subject to the same conditions, regulations and requirements as are provided therein. B. Arcades. C. Billiard or pool halls. D. Business or Professional Schools. E. Catering establishments where food is not sold for consumption on the premises. F. Health and physical fitness salons. G. Nursery, lawn, and garden equipment sales. H. Rental service excluding the rental of vehicles other than trailers and recreational vehicles. I. Taverns. J. Hot tubs and spas - rental facilities. K. Wireless Communication Facilities as regulated in Section 3.29A.1. SECTION 14.03 PERMITTED USES SUBJECT TO SPECIAL CONDITIONS Land and/or buildings in this district may be used for the following purposes, subject to the conditions hereinafter imposed for each use. A. Any permitted use subject to special conditions in the C-1 Commercial District, subject to the same conditions, regulations and requirements as are provided therein. B. Automobile service stations subject to the following conditions: 1. The nearest part of any building or structure shall be a minimum of 100 feet from any R-1, R-1A, R-2 or R-3 district unless the district is separated from the use by a public street. 2. Pump islands shall be located no closer than 35 feet from the front lot line. 3. All pump island canopies shall be located a minimum of 25 feet from the front lot line. 12

ZONING 4. All repair, lubrication, and service work shall be performed within a completely enclosed building. 5. All storage of equipment, materials, and merchandise, with the exception of fuel, shall be within a completely enclosed building. 6. All outside storage areas for refuse, used tires, auto parts, and similar items shall comply with Section 14.08C. 7. No more than two curb cuts shall be constructed to provide ingress and egress. 8. Any automobile service station located on an interior lot shall have a minimum of 155 feet of frontage on a public street. C. Animal hospitals and veterinary clinics subject to the following conditions: 1. Such hospital or clinic, including all treatment rooms, cages, pens or runways, shall be located within a completely enclosed building so that sound will be kept within the building. 2. The building shall have and maintain central air conditioning so that, windows will not be open. 3. The use shall be operated in such a way as to produce no objectionable odors or noise outside its walls. 4. All buildings shall be a minimum of 100 feet from any R-1, R-1A, R-2 or R-3 district unless the residential district is separated from the use by a public street. 5. Customer service entrances to said use shall not be from an area which serves as a common entrance to other uses, such as a pedestrian mall. D. Automobile parts and accessories including installation, automobile repair major and minor and automobile body shops subject to the following conditions: 1. All installation and repair work must be carried out within a completely enclosed building. 2. No outdoor storage of scrap, junk cars, or dismantled vehicles is permitted. 3. All vehicles awaiting repair or settlement of insurance claims may be stored outside of a completely enclosed building provided that the storage area is completely enclosed with a obscuring masonry or wood wall or solid fence with a minimum height of six feet and a maximum height of eight feet and is equipped with a locking gate. Such storage area shall be located behind the rear wall of the building and shall maintain the minimum side and rear yard areas required for a building. Such area shall also satisfy all of the requirements for an off-street parking lot. 4. The nearest part of any building or structure shall be a minimum of 100 feet from any R-1, R-1A, R-2 or R-3 district unless the district is separated from the use by a public street. 13