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    3340 Division Ave S Grand Rapids, MI 49548

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    For Sale
    $795,000

    1.06-acre corner parcel with redevelopment potential in Wyoming, MI.

    Property size:
    4,638 SF
    Lot size:
    1.06 Acres

    Property Features for 3340 Division Ave S

    General Information

    Size
    4,638 SF
    Lot size
    1.06 Acres

    Source: Fancy Real Estate Agent Zoe Wyatt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Redevelopment Opportunity in Wyoming Corridor

    Located at a busy intersection in Wyoming's rapidly developing corridor, the property at 3340 Division Ave S is a 1.06-acre corner parcel. The site includes a 4,638 SF white-boxed building suitable for interim use, adaptive reuse, or removal for redevelopment. The current zoning (FBC-CG, Corridor General) and the City’s planned transition to Corridor Commercial (CC) support diverse development options, including multifamily housing, mixed-use retail, office spaces, civic facilities, and live/work arrangements. Building heights can start at 25 feet, with a maximum of 45 feet, and the potential to reach 75 feet (five stories) with approval. The location offers direct access to US-131 and is serviced by The Rapid’s Silver Line BRT. It is within walking distance of four schools, Plaza Mexico, and the Godwin Mercado, which accommodates over 100 vendors. Nearby, Site 36’s projects are expected to create over 400 new jobs, increasing demand for housing and commercial spaces. This site presents opportunities for developers to establish value in a market experiencing a housing shortage.
    Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency Mrs. Bubbles Car ... Car Wash

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.66518
    Latitude
    42.903856

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    FAQs

    What type of property is this?
    Retail space - 1.06-acre corner parcel with redevelopment potential in Wyoming, MI.
    Where is this retail space located?
    The property is located at 3340 Division Ave S Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Strategic 1.06-acre corner parcel in Wyoming's fastest-growing redevelopment corridor.; - Zoning supports diverse development options: multifamily housing, mixed-use retail, office, and live/work formats.; - Potential for significant building height: up to 75 feet (five stories) with approval.
    (770) 880-4478
    Request Owner's contact information
    3340 Division Ave S Grand Rapids, MI 49548
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    Grand Rapids, MI 49548
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3340 Division Ave S Grand Rapids, MI 49548
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