Retail Building with
For Sale
$910,000
6455 Division Avenue South, Grand Rapids, MI 49548
Renovated retail building with drive-through service, General Business District zoning, and access near established commercial operators.
Property Size3,911 SF
Price / SF$232.68
Days on Market23
Property Features for 6455 Division Avenue South
General Information
Standard status
Active
Size
3,911 SF
Property subtype
Retail
Listed By:
Nate Scherpenisse
(616) 581-2434
Source:
Cbre
Added: Sep 16
Changed: Oct 7
Last Checked: Oct 7 at 10:59AM
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 Nate Scherpenisse
Investment Insights
Based on property information with market context.
This 3,911-square-foot retail building sits on a 1.15-acre parcel and includes a drive-through configuration with four lanes or service positions. Originally built in 1972, the property was renovated in 2006 and provides 30 parking spaces. It is zoned General Business District and identified by parcel number 41-21-01-428-002 in Kent County.
The property is located at 6455 Division Avenue South in Grand Rapids, with access just off Division Street. The surrounding commercial area includes Save a Lot, Bank of America, McDonald's, Burger King, Arby's, Taco Bell, Tractor Supply, Holiday Inn, and local businesses. Division Street carries reported traffic of 17,040 ADT/VPD, and the site is approximately 1 mile from I-131.
The property is located at 6455 Division Avenue South in Grand Rapids, with access just off Division Street. The surrounding commercial area includes Save a Lot, Bank of America, McDonald's, Burger King, Arby's, Taco Bell, Tractor Supply, Holiday Inn, and local businesses. Division Street carries reported traffic of 17,040 ADT/VPD, and the site is approximately 1 mile from I-131.
Key Highlights
- 3,911 SF retail building on a 1.15 AC parcel
- Drive‑through configuration with 4 service positions
- 30 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,693
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,860
$1.1M
Cap Rate 7%
$809,900
$809.9K
Cap Rate 9%
$629,922
$629.9K
Market Conditions
NOI Build-Up for 3,911 SF
Gross rent
$85.9K $21.96/SF
− Vacancy
−$4.9K −$1.25/SF
EGI
$81.0K $20.71/SF
− OpEx
−$24.3K −$6.21/SF
NOI
$56.7K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,860
Cap Rate 7%
$809,900
Cap Rate 9%
$629,922
Alternative Uses
Best Use
Retail
$809.9K
$708.7K – $944.9K
NOI $56,693 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$907.6K
$794.2K – $1.06M
NOI $63,534 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Dining 32%
Hotels & Casinos 7%
Arby's
Dining
12,871 visits/mo
0.5 miles
Marathon
Shops & Services
8,085 visits/mo
0.3 miles
Dollar General
Shops & Services
7,340 visits/mo
0.4 miles
Huntington Bank
Shops & Services
4,785 visits/mo
0.3 miles
Holiday Inn Grand Rapids - South
Hotels & Casinos
2,746 visits/mo
0.4 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
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Frequently Asked Questions
What type of property is this?
Retail space - Renovated retail building with drive-through service, General Business District zoning, and access near established commercial operators.
Where is this retail space located?
The property is located at 6455 Division Avenue South Grand Rapids, MI.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: 3,911 SF retail building on a 1.15 AC parcel; Drive‑through configuration with 4 service positions; 30 parking spaces
