Automotive Service
4066 Division Ave S, Wayland, MI 49348
For Sale
$700,000
Commercial improvements with an established automotive retail and service history near US-131.
Property Size11,084 SF
Price / SF$63.15
Days on Market51
Property Features for 4066 Division Ave S
General Information
Standard status
Size
Site & Location
Highway Access
Road Access
Building Details
Year Built
Listing Agency:
Coldwell Banker Woodland Schmidt Grand Haven
Listed By:
Alec Peterson
(616) 610-0558
Source:
Katie-k
Added: Sep 20
Changed: Oct 25
Last Checked: Oct 7 at 4:33PM
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 Coldwell Banker Woodland Schmidt Grand Haven
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Investment Insights
Based on property information with market context.
This commercial property includes existing buildings totaling 11,084 square feet, constructed in 1997, along Division Avenue in Wayland. The site has an established history of automotive retail and service use, with the property information also identifying potential applications such as automotive services, retail, contractor or shop space, warehouse, and other service-oriented businesses.
The offering includes an adjacent 9-acre parcel, creating a larger combined footprint. Access to US-131 connects the property with Grand Rapids, Kalamazoo, and surrounding communities.
The offering includes an adjacent 9-acre parcel, creating a larger combined footprint. Access to US-131 connects the property with Grand Rapids, Kalamazoo, and surrounding communities.
Key Highlights
- 11,084‑square‑foot commercial property
- Adjacent 9‑acre parcel included
- Established automotive retail and service history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,939
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,780
$1.3M
Cap Rate 7%
$899,129
$899.1K
Cap Rate 9%
$699,322
$699.3K
Market Conditions
NOI Build-Up for 11,084 SF
Gross rent
$76.3K $6.88/SF
− Vacancy
−$2.2K −$0.20/SF
EGI
$74.0K $6.68/SF
− OpEx
−$11.1K −$1.00/SF
NOI
$62.9K $5.68/SF
Area
Allegan County, MI
Vacancy
2.90%
Lease Rate
$6.88 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,258,780
Cap Rate 7%
$899,129
Cap Rate 9%
$699,322
Alternative Uses
Best Use
Retail
$1.64M
$1.44M – $1.92M
NOI $115,062 @ 7.0% cap · market cap 16.44%
Second Best
Warehouse
$899.1K
$786.7K – $1.05M
NOI $62,939 @ 7.0% cap · market cap 8.99%
Theoretical Best
Hotel Hospitality
$104.09M
$91.08M – $121.44M
NOI $7,286,315 @ 7.0% cap · market cap 1,040.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 49348, MI
14,989
Population
5,629
Households
2.7
Avg Household Size
36
Median Age
23%
College-Educated
94%
High-School Grad
65.7 sq mi
ZIP Area
228
Density / Sq Mi
$79,267
Median Household Income
$41,955
Median Earnings
$1,123
Median Rent
$247,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial improvements with an established automotive retail and service history near US-131.
Where is this auto shop located?
The property is located at 4066 Division Ave S Wayland, MI.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 11,084‑square‑foot commercial property; Adjacent 9‑acre parcel included; Established automotive retail and service history
