4342 Division Avenue Grand Rapids, MI $ 450,000
4342 Division Avenue
$ 450,000
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4342 Division Avenue

Grand Rapids, MI, 49548
$ 450,000
Bedrooms-- Baths-- Sq 5,408

Monthly Estimate*

$ 2,771

4342 Division Avenue, Grand Rapids, MI 49548 - Image 1

Commercial Property for sale in Grand Rapids, MI

for $450,000. This 5,408 square foot building was built in 1940 on a lot size of 0.17.

Investment Opportunity! Fully Leased Multi-Tenant Retail/Commercial! Fully occupied, income-producing commercial property in one of the Grand Rapids metro's highest-traffic retail corridors. Situated on Division Avenue South and 44th Street in Kentwood, this two-unit building benefits from 24,000-40,000 vehicles passing daily -- providing exceptional visibility and a built-in customer base for tenants.Property Highlights:Total Building Size: 5,000 SFUnits: 2 -- both fully leasedUnit 1: 3,224 SF | $2,000/month | 3% annual increaseUnit 2: 2,184 SF | $1,400/month | 3% annual increaseCombined Monthly Income: $3,400 | Annual Income: $40,800Tenant Expense Structure: Gross modified - tenants responsible for all utilitiesLease Escalations: Built-in 3% annual increases on both units, providing consistent rent growth and inflation protectionWhy This Property:With both units occupied and income flowing immediately, this is a true turnkey investment!

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Commercial Active

Price

$ 450,000

Property Type

Commercial

Taxes

$ 6,405

Style

Commercial/Industrial

Lot Size

0.17

Year Built

1940

Town/City

Grand Rapids

County/Region

Kent

MLS | Web ID

70535820

Features
General
Heating Forced Air
Status Active Active
Year Built 1940
County Kent
Class COM/IND/BUS OPP
Type Commercial/Industrial
Municipality Kentwood
Subdivision MI
Sale/Rent For Sale
Status Detail 0
Area Kentwood (41035)
Primary City Grand Rapids
Directions 44th St to N on Division building is on the right.
City Grand Rapids
Financial Terms Cash Conventional
Legal Description LOT 275 * HOME ACRES
DOM 0
Postal Code 49548
Price Per Sq Ft Total AG 83.21
Public Remarks Investment Opportunity! Fully Leased Multi-Tenant Retail/Commercial! Fully occupied
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Exterior
Exterior Block Brick Concrete Steel
Frontage 0
Lot Size Area 0.17
Lot Dimensions IRR
Roads City/County Paved Street
Waterfront Y/N No
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Interior
Fuel Type Natural Gas
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* Excluded Features
List By
Chad Monroe

Listing Agent

Rise Realty Group

Broker

realchadmonroe@gmail.com

Email

Affordability Calculator

$3,304
Per Month
84%
16%
0%
Monthly Principal & Interest
$2,771
Monthly Property Taxes
$534
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
760529 Elementary School
760235 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/1/2026$450,000 Listed Price

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4342 Division Avenue, Grand Rapids, MI, 49548 is a Commercial Property for sale at $450,000 with 5,408 sqft and a lot size of 0.17. 4342 Division Avenue was built in 1940. The property's zip code is 49548 which is in Grand Rapids, MI