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4342 Division Avenue Grand Rapids, MI 49548-3366
5,408 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $83
Subdivision Mi
MLS Listing ID 70535820
Year Built 1940
Annual Tax Amount $6,405
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions IRR
Property Sub-Type Commercial/Industrial
Property Description
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!
Location
State MI
County Kent
Area Kentwood (41035)
Interior
Heating Forced Air
Building
Foundation Basement
Structure Type Block,Brick,Concrete,Steel
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by Rise Realty Group