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4342 Division AVE S City Of Kentwood, MI 49548
2 Baths
5,408 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $83
MLS Listing ID 65026026131
Year Built 1940
Lot Size 7,405 Sqft
Acres 0.17
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 Area41181Kentwood
Rooms
Basement Common Storage Locker
Interior
Heating Forced Air, Natural Gas
Fireplace No
Exterior
Parking Features Paved
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Foundation Basement
Sewer Public Sewer, Storm Drain
Water Public
New Construction No
Schools
School District Kelloggsville
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Chad Monroe of Rise Realty Group