Wyoming Commercial Property on
For Sale
$899,900
3614-3620 Division Ave S, Wyoming, MI 49548
High-visibility commercial property with retail, office, and warehouse space.
Property Size12,183 SF
Price / SF$73.87
Days on Market105
Property Features for 3614-3620 Division Ave S
General Information
Standard status
Active
Size
12,183 SF
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
Greenridge Realty Inc.
(616) 836-7777
Listed By:
Nora Justiniano Tan · License #6502136493
(616) 836-7777
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 5 at 10:17AM
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 Greenridge Realty Inc.
Investment Insights
Based on property information with market context.
This commercial property is located on S. Division Ave in Wyoming. The property includes two buildings totaling approximately 12,183 square feet, featuring retail, office, and warehouse space. The location benefits from strong traffic counts, excellent signage, and easy highway access, with downtown Grand Rapids just minutes away. The property includes two buildings: a retail storefront of approximately 5,663 square feet and a warehouse offering approximately 6,520 square feet of storage space with offices. Both buildings were constructed in 1950 and remodeled in 1990. The location has a bike score of 65, indicating it is bikeable, and a walk score of 52, indicating it is somewhat walkable. The property is suitable for owner-users or investors and is currently operating as a successful, long-established business. Flexible post-closing terms are available.
Key Highlights
- High‑visibility location on busy S. Division Ave.
- Two buildings totaling approximately 12,183 SF with retail, office, and warehouse space.
- Strong traffic counts and excellent signage.
Financial Insights For Warehouse
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 | $83.8k | $6.88 |
| − Vacancy | −$2.4k | −$0.20 |
| EGI | $81.4k | $6.68 |
| − OpEx | −$12.2k | −$1.00 |
| NOI | $69.2k | $5.68 |
12,183 SF · lease $6.88/SF/yr · vacancy 2.90% · expense 15.00%
Alternative Uses
Best Use
Mixed Use
$2.00M
$1.75M – $2.34M
NOI $140,198 @ 7.0% cap · market cap 15.58%
Second Best
Retail
$1.81M
$1.58M – $2.11M
NOI $126,470 @ 7.0% cap · market cap 14.05%
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,530 @ 7.0% cap · market cap 16.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility commercial property with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 3614-3620 Division Ave S Wyoming, MI.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: High‑visibility location on busy S. Division Ave.; Two buildings totaling approximately 12,183 SF with retail, office, and warehouse space.; Strong traffic counts and excellent signage.
