2662 Division Avenue S, Grand Rapids, MI 49507
COMMERCIAL - Grand Rapids, MI
- Added:
- Sep 13, 2024
- Days on Market:
- 640
- Last Refresh:
- Jun 14 at 8:06 pm
Property Features for 2662 Division Avenue S
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 41-18-07-353-001
- Size
- 3,506 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- E 103 FT OF LOT 148* JENESEN ADDITION
- Tax Annual Amount
- 4841
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1946
- Number of units
- 1
Listing agent Rene Guzman License #6501383944 (616) 260-8670
Listing office 1st Advantage Realty 2180 - 44th St SE Ste 208, Kentwood, MI (616) 534-4480
Listing date Sep 13, 2024
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.
HighLights
- Turnkey sports bar and nightclub ready for new ownership.
- Includes a coveted Class C liquor license.
- Features a full‑service bar and indoor dining area.
- Equipped with cutting‑edge music and lighting systems.
- Consistent revenue growth since 2016.
- State‑of‑the‑art venue with full equipment.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.9k | $22.80 |
| − Vacancy | −$4.0k | −$1.14 |
| EGI | $75.9k | $21.66 |
| − OpEx | −$19.0k | −$5.42 |
| NOI | $57.0k | $16.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Horton Hole in the Wall — 2430 Horton Ave SE, Grand Rapids, MI 49507
- Pitayas Postres & Botanas — 2850 Division Ave S, Grand Rapids, MI 49548
- Paragon Bowling Center and Sports Bar — 2425 Division Ave S, Grand Rapids, MI 49507
- Le Petit Chateau Sport Bar And Restaurant — 2662 Division Ave S, Grand Rapids, MI 49507
- Log Cabin — 2401 Division Ave S, Grand Rapids, MI 49507
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.66571
- Latitude
- 42.914982
