2945 Division S Avenue, Grand Rapids, MI 49548
Office or mixed-use building with garage and ample parking.
- Added:
- Nov 14, 2024
- Days on Market:
- 599
- Last Refresh:
- May 20 at 1:16 am
Property Features for 2945 Division S Avenue
General Information
- Standard status
- Active
- Size
- 2,298 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1995
Listing office Signature Associates Holland (616) 396-7788
Listing date Nov 14, 2024
Source Exitrealty
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 Holland
HighLights
- Prime location on busy Division Avenue, just off 28th Street and near US‑131.
- Garage included with the property.
- Ample on‑site parking.
- Great frontage for high visibility.
- Versatile space suitable for office, mix‑use, work/live, cafe, retail, salon, insurance, and more.
- Building constructed in 1995.
Overview
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 | $50.5k | $21.96 |
| − Vacancy | −$2.9k | −$1.25 |
| EGI | $47.6k | $20.71 |
| − OpEx | −$14.3k | −$6.21 |
| NOI | $33.3k | $14.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6663
- Latitude
- 42.91
