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Historic Mixed-Use Building
For Sale
$2,790,000
Pending

111 Division Avenue S, Grand Rapids, MI 49503

Commercial Sale, Grand Rapids, MI

Property Size47,647 SF
Lot Size0.40 Acres
Days on Market3361

Property Features for 111 Division Avenue S

General Information

Property type Commercial Sale
Property subtype Retail
Elementary school district Grand Rapids
Middle school district Grand Rapids
High school district Grand Rapids
Directions On the west side of S. Division Ave, North of Cherry St. and South of Oakes St.
Subdivision Grand Rapids - G
Standard status Pending
APN 411325439006
Size 47,647 SF
Lot size 0.40 Acres

Taxes and HOA fees

Tax Year 2016
Tax Description Kent Plat Division Street
Tax Annual Amount 49992
Legal Description Kent Plat Division Street

Utilities

Utilities Natural Gas Available
Heating system Forced Air
Cooling system Central Air

Building Details

Year built 1888
Floors in Building 4
Number of units 3
Building materials Brick, Stone
Roof type Rubber
Listing Agency: M. Shapiro Real Estate Group
Listed By: James Galbraith
Added: Jul 25, 2017 Changed: Sep 7 Last Checked: Oct 6 at 6:06AM
MLS# 17039787

Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1888, this historic mixed-use property combines four levels with approximately 38,775 square feet, including a finished basement of 10,537 square feet. Interior features include wood flooring and exposed masonry, while the building’s layout supports retail, office, restaurant, event, banquet, and gallery uses. Construction includes brick and stone, with forced-air heating, central air conditioning, a rubber roof, and natural gas availability.

The sale includes 111, 115, and 117 S. Division Avenue as three contiguous properties on approximately 0.4 acres. The 115 S. Division building adds 1,055 square feet of first-floor commercial space, a 1,080-square-foot second-floor one-bedroom, one-bath apartment, and a 1,080-square-foot walkout lower level with storage, garage space, and one overhead door. The property is within walking distance of Van Andel Arena, Grand Rapids Public Museum, and Heartside Park.

Key Highlights

  • 1888‑built mixed‑use property totaling approximately 38,775 square feet
  • Finished basement provides 10,537 square feet of additional space
  • Sale includes 111, 115, and 117 S. Division Avenue as contiguous properties

Property Analytics

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Current Use

Paul Matthew Media Film Production TREEFORT STUDIOS (Bike/Boat/Book/etc) Store The Harris Building Hotel & Motel Local First Charitable Organization People First Economy Charitable Organization

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store Locksmith Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,211
Businesses Nearby

Demographics for 49503, MI

39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-level brick and stone property with adaptable commercial space, finished basement areas, and distinctive interior architectural details.
Where is this mixed-use property located?
The property is located at 111 Division Avenue S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: 1888‑built mixed‑use property totaling approximately 38,775 square feet; Finished basement provides 10,537 square feet of additional space; Sale includes 111, 115, and 117 S. Division Avenue as contiguous properties
More about this property
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