Mixed-Use Building with
For Sale
$329,000
4354 Division Ave S, Kentwood, MI 49548
Corner commercial property combines a street-level storefront, an apartment above, and on-site parking.
Property Size2,920 SF
Price / SF$112.67
Days on Market71
Property Features for 4354 Division Ave S
General Information
Standard status
Active
Size
2,920 SF
Site & Location
Corner Location
Yes
Traffic Count
16,000 vehicles/day
Additional Details
Multifamily Units
1
Building Details
Year Built
1925
Listing Agency:
Rise Realty Group
Listed By:
Chad Monroe
(616) 439-4653
Source:
Katie-k
Added: Jul 28
Changed: Sep 14
Last Checked: Oct 5 at 10:28PM
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 Rise Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property at 4354 Division Ave S combines a retail building with an apartment positioned above the commercial space. Constructed in 1925, the building contains approximately 2,920 square feet and includes parking areas at both the front and rear.
The property occupies the corner of 44th Street and Division in Kentwood, with approximately 16,000 vehicles passing the site daily. Its location provides direct exposure from two streets and supports the existing retail and residential configuration.
The property occupies the corner of 44th Street and Division in Kentwood, with approximately 16,000 vehicles passing the site daily. Its location provides direct exposure from two streets and supports the existing retail and residential configuration.
Key Highlights
- Mixed‑use building with retail space and an apartment above
- Approximately 2,920 square feet of property size
- Corner location at 44th Street and Division
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,653
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,060
$553.1K
Cap Rate 7%
$395,043
$395.0K
Cap Rate 9%
$307,256
$307.3K
Market Conditions
NOI Build-Up for 2,920 SF
Gross rent
$53.3K $18.24/SF
− Vacancy
−$3.0K −$1.02/SF
EGI
$50.3K $17.22/SF
− OpEx
−$22.6K −$7.75/SF
NOI
$27.7K $9.47/SF
Area
Kent County, MI
Vacancy
5.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$553,060
Cap Rate 7%
$395,043
Cap Rate 9%
$307,256
Alternative Uses
Best Use
Mixed Use
$480.0K
$420.0K – $560.0K
NOI $33,602 @ 7.0% cap · market cap 10.21%
Second Best
Retail
$433.0K
$378.9K – $505.2K
NOI $30,312 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$522.3K
$457.0K – $609.3K
NOI $36,558 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 35%
Home Improvements & Furnishings 13%
Taco Bell
Dining
13,435 visits/mo
0.1 miles
Citgo
Shops & Services
8,112 visits/mo
0.1 miles
Dollar General
Shops & Services
5,396 visits/mo
0.2 miles
Bradley Ace Hardware
Home Improvements & Furnishings
5,099 visits/mo
0.2 miles
Monro Auto Service and Tire Centers
Shops & Services
3,203 visits/mo
0.5 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial property combines a street-level storefront, an apartment above, and on-site parking.
Where is this mixed-use property located?
The property is located at 4354 Division Ave S Kentwood, MI.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Mixed‑use building with retail space and an apartment above; Approximately 2,920 square feet of property size; Corner location at 44th Street and Division
