2945 Division Avenue S, Grand Rapids, MI 49548
COMMERCIAL - Grand Rapids, MI
- Added:
- Jul 18, 2024
- Days on Market:
- 707
- Last Refresh:
- Jun 24 at 3:06 am
Property Features for 2945 Division Avenue S
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 411713229049
- Size
- 2,298 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Legal in LO
- Tax Annual Amount
- 3177
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
Building Details
- Year built
- 1995
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Brick
Listing agent Thomas J Elhart (616) 396-7788
Listing office Signature Associates Holland 1015 Oak Lane, Richland, MI (616) 396-7788
Listing date Jul 18, 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
- Prime location on busy Division Avenue, just off 28th Street and near US‑131.
- Suitable for office, mix‑use, work/live, cafe, retail, salon, insurance, and more.
- Garage included.
- Ample on‑site parking.
- Great frontage.
- Brick construction.
Overview
Local Financial Insights For Mixed Use
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 | $44.1k | $19.20 |
| − Vacancy | −$3.5k | −$1.54 |
| EGI | $40.6k | $17.66 |
| − OpEx | −$15.2k | −$6.62 |
| NOI | $25.4k | $11.04 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.666248
- Latitude
- 42.909944
