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Division Avenue Commercial Land Available
For Sale
$307,000

1002 Division Ave S, Grand Rapids, MI 49507

Commercial land parcel on Division Avenue, Grand Rapids.

Property Size17,038 SF
Lot Size0.39 Acres
Price / SF$18.02
Days on Market1093

Property Features for 1002 Division Ave S

General Information

Standard status Active
Size 17,038 SF
Lot size 0.39 Acres
Property subtype Land
Zoning TBA
Listing Agency: Ben M. Muller Realty Co., Inc.
Listed By: Mark Muller
Source: Carwm.resimplifi
Added: Oct 10, 2023 Changed: Sep 20 Last Checked: Oct 5 at 3:01PM

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 Ben M. Muller Realty Co., Inc.

Investment Insights

Based on property information with market context.

This commercial land parcel, located at 1002 Division Ave S in Grand Rapids, Michigan, offers a total of 17,038 square feet available, which includes a parking lot Reciprocal Easement Agreement (REA) with a neighboring property that benefits 1002 Division. The parcel at 1002 Division encompasses 9,544 square feet and is capable of accommodating a building of up to 7,500 square feet. The property is situated within an Opportunity Zone and is adjacent to a Dollar Tree urban prototype store. Several new housing developments are currently in development in the surrounding neighborhood. Additionally, a large mixed-use project is under development across the street from the property.

Key Highlights

  • 17,038 SF Total Available, includes parking lot REA
  • 9,544 SF Parcel on 1002 Division
  • Able to accommodate up to 7,500 SF building**

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Accounting Firm Skin Care Clinic

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

5,518
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - Commercial land parcel on Division Avenue, Grand Rapids.
Where is this commercial land located?
The property is located at 1002 Division Ave S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $307,000.
What are key features of this property?
This property features: 17,038 SF Total Available, includes parking lot REA; 9,544 SF Parcel on 1002 Division; Able to accommodate up to 7,500 SF building**
More about this property
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