Grand Rapids Investment
820 S Division Avenue Grand Rapids, MI 49507
820 S Division Avenue, Grand Rapids, MI, 49507
$890,000
For Sale
$890,000
COMMERCIAL - Grand Rapids, MI
Property Size4,908 SF
Lot Size0.54 Acres
Price / SF$181.34
Days on Market676
Property Features for 820 S Division Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 41-14-31-301-062
- Size
- 4,908 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOTS 448, 449, 451 & 452 * DORAN'S ASSESSOR'S PLAT NO.15 * OF LOTS 2, 3, 4, 5 & 6 OF A
- Tax Annual Amount
- 5217
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 2001
- Number of units
- 2
- Building materials
- Aluminum Siding, Vinyl Siding, Metal Siding
Listing agency
RE/MAX United (Beltline)
(616) 884-2230
Listed by
Delky Baez · License #6501321849
(616) 889-0491
Added: Sep 16, 2024 Updated: Apr 15 at 10:52AM Checked: Jul 23 at 3:06AM
MLS# 24048911
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.
This property in Grand Rapids presents an investment opportunity with multiple potential uses. It features two buildings: the main building, which is 3,900 square feet and currently used as a tire shop and auto service center, and a stand-alone 1,008-square-foot building suitable for various purposes. Situated in a high-traffic area, the property benefits from excellent visibility and ample parking space. The lot size is 0.54 acres. The seller intends to remove all equipment, tools, inventory, and personal belongings by the possession date but is open to negotiations with potential buyers regarding the business, inventory, and equipment. The property is easy to show during business hours, from 8:30 AM to 5:00 PM. The total property size is 4,908 square feet. The property is located in Kent County.
Key Highlights
- High‑traffic location with great visibility.
- Ample parking space.
- Two buildings: a 3,900 sqft main building and a 1,008 sqft stand‑alone building.
Local Financial Insights For 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 | $107.8k | $21.96 |
| − Vacancy | −$6.1k | −$1.25 |
| EGI | $101.6k | $20.71 |
| − OpEx | −$30.5k | −$6.21 |
| NOI | $71.1k | $14.50 |
4,908 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.02M
$889.3K – $1.19M
NOI $71,145 @ 7.0% cap · market cap 7.99%
Second Best
Industrial
$731.2K
$639.8K – $853.1K
NOI $51,184 @ 7.0% cap · market cap 5.75%
Theoretical Best
Specialty Retail
$1.14M
$996.6K – $1.33M
NOI $79,730 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
777-plaza llc
Auto Repair Shop
Phoenix mechanic and tire
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Phoenix auto repair — 1411 division ave s, grand rapids, mi 49507
- 777-plaza tire llc — 1411 Division Ave S, Grand Rapids, MI 49507
- Grand Rapids Mobile Truck Repair — 1321 Buchanan Ave SW, Grand Rapids, MI 49507
- Fox Delivers — grand rapids, mi 49503
- Gt Radial — 1245 Division Ave S, Grand Rapids, MI 49507
FAQs
What type of property is this?
Auto shop - Two buildings with high traffic, great visibility, and ample parking.
Where is this auto shop located?
The property is located at 820 S Division Avenue Grand Rapids, MI.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: High‑traffic location with great visibility.; Ample parking space.; Two buildings: a **3,900 sqft main building** and a **1,008 sqft stand‑alone building**.
