Two-Story Office
For Sale
Contact for pricing
3744 Division Ave S, Grand Rapids, MI 49548
Client-facing office space with custom woodwork, natural light, and a dedicated restroom.
Property Size700 SF
Price / SF$1.71
Days on Market115
Property Features for 3744 Division Ave S
General Information
Standard status
Active
Size
700 SF
Total Parking Spaces
6
Property subtype
Office
Zoning
FBC-CG
Lease Type
Modified Gross
Amenities
Power
Water
Sewer
Natural Gas
Vacant
6 Parking Spaces
Listing Agency:
RKM Realty Inc
Listed By:
Robert Meringa
(616) 437-0538
Source:
Carwm.resimplifi
Added: Jun 25
Changed: Oct 1
Last Checked: Oct 16 at 5:45AM
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 RKM Realty Inc
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Investment Insights
Based on property information with market context.
This approximately 700-square-foot office unit is arranged across two stories and includes a private entrance, dedicated restroom, and custom woodwork. Industrial-modern interior finishes and abundant natural light create a distinctive setting for professional or creative office use. Signage visibility is also identified as a property feature.
The space is located at 3744 Division Ave S and carries FBC-CG zoning. Its compact layout and client-facing configuration provide a practical format for an office operation or studio environment.
The space is located at 3744 Division Ave S and carries FBC-CG zoning. Its compact layout and client-facing configuration provide a practical format for an office operation or studio environment.
Key Highlights
- Approximately 700 SF across two stories
- Private entrance and dedicated restroom
- Industrial‑modern finishes with custom woodwork
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,543
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,860
$130.9K
Cap Rate 7%
$93,471
$93.5K
Cap Rate 9%
$72,700
$72.7K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$11.3K $16.08/SF
− Vacancy
−$2.5K −$3.62/SF
EGI
$8.7K $12.46/SF
− OpEx
−$2.2K −$3.12/SF
NOI
$6.5K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,860
Cap Rate 7%
$93,471
Cap Rate 9%
$72,700
Alternative Uses
Best Use
Office B
$93.5K
$81.8K – $109.1K
NOI $6,543 @ 7.0% cap · market cap 547.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$162.5K
$142.2K – $189.5K
NOI $11,372 @ 7.0% cap · market cap 951.63%
Zoning and permitted uses should be independently verified with authorities.
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Client-facing office space with custom woodwork, natural light, and a dedicated restroom.
Where is this office units located?
The property is located at 3744 Division Ave S Grand Rapids, MI.
What are key features of this property?
This property features: Approximately 700 SF across two stories; Private entrance and dedicated restroom; Industrial‑modern finishes with custom woodwork
