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Division Avenue Commercial Building For Sale
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1001 Division Ave S, Grand Rapids, MI 49507

Renovated commercial building with ample parking and high-traffic frontage.

Property SizeContact for details
Lot Size0.50 Acres
Days on Market1080

Property Features for 1001 Division Ave S

General Information

Standard status Active
Class B
Lot size 0.50 Acres
Property subtype Office
Zoning TN-TBA

Building Details

Year Built 1930
Year Renovated 2009
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Signature Associates
Listed By: Peter Cachey · License #MI
Source: Crexi
Added: Sep 7, 2023 Changed: Aug 12 Last Checked: Aug 20 at 2:05PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Signature Associates

Investment Insights

Based on property information with market context.

Constructed in 1930 and renovated in 2009, this commercial building offers substantial parking and prominent frontage on a busy avenue. Situated on slightly over half an acre, the property's zoning permits a range of potential uses, including live-work spaces, multi-family residences, community centers, medical facilities, rehabilitation centers, churches, and schools. The building has received approval for use as a cannabis testing facility or secure transport facility. Located within the SouthTown corridor improvement authority development plan, the property presents diverse opportunities for prospective buyers. The building is located on Division Avenue in Grand Rapids, MI.

Key Highlights

  • Approved for cannabis testing/secure transport facility.
  • TN‑TBA zoning allows for diverse uses including live‑work, multi‑family, and medical.
  • Sits within the SouthTown corridor improvement authority development plan.

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon

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

745
Businesses Nearby

Demographics for 49507, MI

38,137
Population
13,773
Households
2.8
Avg Household Size
30
Median Age
27%
College-Educated
78%
High-School Grad
5.5 sq mi
ZIP Area
6,934
Density / Sq Mi
$56,578
Median Household Income
$34,939
Median Earnings
$1,114
Median Rent
$179,600
Median Home Value

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?
Live-work space - Renovated commercial building with ample parking and high-traffic frontage.
Where is this live-work space located?
The property is located at 1001 Division Ave S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approved for cannabis testing/secure transport facility.; TN‑TBA zoning allows for diverse uses including live‑work, multi‑family, and medical.; Sits within the SouthTown corridor improvement authority development plan.
(616) 235-0900 Call to check price and availability
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