2960 Division Ave S Wyoming, MI 49548
For Sale
$600,000
Automotive properties
Property Size2,416 SF
Lot Size0.34 Acres
Price / SF$248.34
Days on Market97
Property Features for 2960 Division Ave S
General Information
Standard status
Active
Size
2,416 SF
Lot size
0.34 Acres
Property subtype
Commercial
Building Details
Year Built
1961
Listing Agency:
Keller Williams Realty Rivertown
(616) 299-6846
Listed By:
G.Larry Branscombe
(616) 299-6846
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 12:42PM
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 Keller Williams Realty Rivertown
Investment Insights
Based on property information with market context.
Key Highlights
- High Visibility Corner Location
- Ideal for Owner/Operator
- 14,636 Square Feet of Land
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 | $37.4k | $15.48 |
| − Vacancy | −$1.6k | −$0.65 |
| EGI | $35.8k | $14.83 |
| − OpEx | −$10.7k | −$4.45 |
| NOI | $25.1k | $10.38 |
2,416 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$358.3K
$313.5K – $418.0K
NOI $25,080 @ 7.0% cap · market cap 4.18%
Second Best
Industrial
$161.4K
$141.2K – $188.3K
NOI $11,298 @ 7.0% cap · market cap 1.88%
Theoretical Best
Office A
$432.1K
$378.1K – $504.1K
NOI $30,248 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2900 Wilson Ave SW, Grandville, MI 49418
- Richter Self Storage — 2900 Wilson Ave SW #7, Grandville, MI 49418
- U-Haul Neighborhood Dealer — 4370 Chicago Dr SW, Grandville, MI 49418
Frequently Asked Questions
Where is this automotive property located?
The property is located at 2960 Division Ave S Wyoming, MI.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: High Visibility Corner Location; Ideal for Owner/Operator; 14,636 Square Feet of Land
