Corner Auto Repair and
2960 Division Avenue Unit SourceFi Grand Rapids, MI 49548
2960 Division Avenue Unit SourceFi, Grand Rapids, MI, 49548
$600,000
For Sale
$600,000
Updated building with a lift and favorable corner ingress/egress, currently used for auto repair and car sales.
Property Size2,416 SF
Lot Size0.34 Acres
Price / SF$248.34
Days on Market200
Property Features for 2960 Division Avenue Unit SourceFi
General Information
- Standard status
- Active
- Size
- 2,416 SF
- Lot size
- 0.34 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1961
Listing Agency
Keller Williams Realty Rivertown
(616) 299-6846
Listed by
G.Larry Branscombe
(616) 299-6846
Source
Xome
Added: Dec 30, 2025 Checked: Jul 18 at 2:52 am
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.
This updated corner building is currently operating as a car dealership (dealers license not included in the sale) and an auto repair shop. The property includes a lift, and additional fixtures and equipment are available for purchase. The offering totals 2,416 square feet.
Located at 2960 Division Avenue Unit SourceFi in Grand Rapids, MI, the site is described as a high-visibility corner with ideal ingress and egress.
The current configuration supports both automotive retail and repair activity, with the included lift supporting service operations.
Located at 2960 Division Avenue Unit SourceFi in Grand Rapids, MI, the site is described as a high-visibility corner with ideal ingress and egress.
The current configuration supports both automotive retail and repair activity, with the included lift supporting service operations.
Key Highlights
- Updated 2,416 SF building currently operating as a car dealership and auto repair shop
- Corner location with favorable ingress/egress for vehicle access
- Lift included for the auto repair operation; other F & F equipment available for purchase
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 | $53.1k | $21.96 |
| − Vacancy | −$3.0k | −$1.25 |
| EGI | $50.0k | $20.71 |
| − OpEx | −$15.0k | −$6.21 |
| NOI | $35.0k | $14.50 |
2,416 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 5.84%
Second Best
Industrial
$359.9K
$314.9K – $419.9K
NOI $25,195 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$560.7K
$490.6K – $654.1K
NOI $39,248 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Godwin Body Shop Inc — 3622 Division Ave S, Grand Rapids, MI 49548
- Chumino's Tire & Auto Repair — 3712 Division St, Wyoming, MI 49548
- Timmers Service — 3600 Division Ave S, Grand Rapids, MI 49548
- Auto Shade — 3636 Buchanan Ave SW, Wyoming, MI 49548
- J&b Auto repair — 3650 Buchanan Ave SW, Grand Rapids, MI 49548
FAQs
What type of property is this?
Auto shop - Updated building with a lift and favorable corner ingress/egress, currently used for auto repair and car sales.
Where is this auto shop located?
The property is located at 2960 Division Avenue Unit SourceFi Grand Rapids, 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: Updated 2,416 SF building currently operating as a car dealership and auto repair shop; Corner location with favorable ingress/egress for vehicle access; Lift included for the auto repair operation; other F & F equipment available for purchase
