Leased Automotive Service
For Sale
$850,000
4201 Division Avenue S, Grand Rapids, MI 49548
Commercial Sale, Grand Rapids, MI
Property Size2,578 SF
Lot Size0.44 Acres
Price / SF$329.71
Days on Market92
Property Features for 4201 Division Avenue S
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
COMMERCIAL IMPR
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Broadband
Elementary school district
Wyoming
Middle school district
Wyoming
High school district
Wyoming
Directions
131 to 44th St, East to Division, North to Dealership.
Standard status
Active
APN
41-17-24-477-032
Size
2,578 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT:1-2,4 DIST:93 CITY/MUNI/TWP:WYOMING CITY 411724477032 LOTS 1 & 2 EX E 17 FT & E 1/2 OF THAT PART OF VACATED PORTION
Tax Annual Amount
5306
Legal Description
LOT:1-2,4 DIST:93 CITY/MUNI/TWP:WYOMING CITY 411724477032 LOTS 1 & 2 EX E 17 FT & E 1/2 OF THAT PART OF VACATED PORTION
Utilities
Utilities
Cable Available
Heating system
Forced Air, Space Heater
Cooling system
Window Unit(s)
Building Details
Year built
1940
Number of units
3
Building materials
Block, Vinyl Siding
Roof type
Rubber
Listing Agency:
ADT Realty
(260) 444-7440
Listed By:
John D DeBlaay
(616) 318-2000
Added: Jul 11
Changed: Oct 8
Last Checked: Oct 10 at 6:06AM
MLS# 26035481
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,578-square-foot automotive property sits on 0.44 acres at 4201 Division Avenue S in Grand Rapids. The site is leased and supports several automotive functions, including vehicle sales, mechanical service, tire work, and detailing. Business-related assets are included in the sale.
Built in 1940, the building features block and vinyl siding construction, a rubber roof, two bathrooms, forced-air and space-heater systems, and window-unit cooling. Broadband interior service and cable availability are also reported. The property is located in Kent County and carries a 49548 postal code.
Built in 1940, the building features block and vinyl siding construction, a rubber roof, two bathrooms, forced-air and space-heater systems, and window-unit cooling. Broadband interior service and cable availability are also reported. The property is located in Kent County and carries a 49548 postal code.
Key Highlights
- 2,578 SF automotive property on 0.44 acres
- Leased for dealership, mechanical, tire, and detailing operations
- Business‑related assets included 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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 41%
Home Improvements & Furnishings 6%
McDonald's
Dining
19,645 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,935 visits/mo
0.3 miles
Taco Bell
Dining
13,435 visits/mo
0.3 miles
Lake Michigan Credit Union
Shops & Services
10,604 visits/mo
0.4 miles
Citgo
Shops & Services
8,112 visits/mo
0.3 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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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 4020 Division Ave S, Wyoming, MI 49548, United States
- Suspa Inc — 4010 Roger B Chaffee Memorial Blvd SE, Wyoming, MI 49548
- Hoekstra Transportation — 3741 Roger B Chaffee Memorial Blvd SE, Grand Rapids, MI 49548
- Prime Leasing, LLC — 3705 Linden Ave SE, Grand Rapids, MI 49548
- Ryder Truck Rental — 3663 Clay Ave SW, Grand Rapids, MI 49548
Frequently Asked Questions
What type of property is this?
Automotive property - Leased commercial property supporting dealership, mechanical, tire, and detailing operations.
Where is this automotive property located?
The property is located at 4201 Division Avenue 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: 2,578 SF automotive property on 0.44 acres; Leased for dealership, mechanical, tire, and detailing operations; Business‑related assets included in the sale
