Automotive Service and Retail
For Sale
$850,000
4201 Division Ave S, Grand Rapids, MI 49548
Property is currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop.
Property Size2,578 SF
Price / SF$329.71
Days on Market93
Property Features for 4201 Division Ave S
General Information
Standard status
Active
Size
2,578 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1940
Listing Agency:
ADT Realty
Listed By:
John D DeBlaay
(616) 318-2000
Source:
Katie-k
Added: Jul 15
Changed: Oct 3
Last Checked: Oct 7 at 4:06PM
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 ADT Realty
Investment Insights
Based on property information with market context.
This automotive-focused property is currently used and leased with a mix of services, including a car dealership, an auto mechanical garage, and a tire/detail shop. The sale includes many business-related assets, supporting continued operations for an owner-operator or investor.
The property is offered for sale and is being marketed as an opportunity that can generate income with limited day-to-day involvement. The current configuration provides multiple points of revenue within automotive sales and maintenance functions.
Additional details on individual spaces, lease terms, and specific included assets are available through a private showing.
The property is offered for sale and is being marketed as an opportunity that can generate income with limited day-to-day involvement. The current configuration provides multiple points of revenue within automotive sales and maintenance functions.
Additional details on individual spaces, lease terms, and specific included assets are available through a private showing.
Key Highlights
- Built in 1940
- Currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop
- Includes many business‑related assets in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,370
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,400
$747.4K
Cap Rate 7%
$533,857
$533.9K
Cap Rate 9%
$415,222
$415.2K
Market Conditions
NOI Build-Up for 2,578 SF
Gross rent
$56.6K $21.96/SF
− Vacancy
−$3.2K −$1.25/SF
EGI
$53.4K $20.71/SF
− OpEx
−$16.0K −$6.21/SF
NOI
$37.4K $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%
$747,400
Cap Rate 7%
$533,857
Cap Rate 9%
$415,222
Alternative Uses
Best Use
Retail
$533.9K
$467.1K – $622.8K
NOI $37,370 @ 7.0% cap · market cap 4.40%
Second Best
Industrial
$384.1K
$336.1K – $448.1K
NOI $26,885 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$598.3K
$523.5K – $698.0K
NOI $41,880 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
49k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 27%
Home Improvements & Furnishings 10%
Dollar Tree
Shops & Services
13,935 visits/mo
0.4 miles
Taco Bell
Dining
13,435 visits/mo
0.2 miles
Citgo
Shops & Services
8,112 visits/mo
0.2 miles
Dollar General
Shops & Services
5,396 visits/mo
0.1 miles
Bradley Ace Hardware
Home Improvements & Furnishings
5,099 visits/mo
0.1 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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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
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- MPH Auto — 4860 Division Ave S, Kentwood, MI 49548
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- Accurate Truck Repair — 4525 Clay Ave SW, Grand Rapids, MI 49548
- ignition — 149 Crown St SW, Wyoming, MI 49509
Frequently Asked Questions
What type of property is this?
Auto shop - Property is currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop.
Where is this auto shop located?
The property is located at 4201 Division Ave S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 1940; Currently operated and leased as a car dealership, auto mechanical garage, and tire/detail shop; Includes many business‑related assets in the sale
