Automotive Service and
For Sale
$850,000
4201 Division Avenue S, Grand Rapids, MI 49548
COMMERCIAL - Grand Rapids, MI
Property Size2,578 SF
Lot Size0.44 Acres
Price / SF$329.71
Days on Market47
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 2, Bathroom 1
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: Aug 4
Last Checked: Aug 26 at 3:06AM
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 for-sale automotive property is currently used and leased across multiple operations, including a car dealership, an auto mechanical garage, and a tire/detail shop. The sale also includes many business-related assets, supporting continuity for a qualified buyer.
The property is located at 4201 Division Avenue S in Grand Rapids, Michigan (49548), on a 0.44-acre lot. The building measures 2,578 square feet.
The existing configuration combines dealership and service functions under one roof, aligning with automotive tenants and buyers seeking a multi-use setup within an active operations environment.
The property is located at 4201 Division Avenue S in Grand Rapids, Michigan (49548), on a 0.44-acre lot. The building measures 2,578 square feet.
The existing configuration combines dealership and service functions under one roof, aligning with automotive tenants and buyers seeking a multi-use setup within an active operations environment.
Key Highlights
- Used and leased as a car dealership, auto mechanical garage, and tire/detail shop
- Many business‑related assets included in the sale
- Block and vinyl siding construction with a rubber roof
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
81k
Monthly Visits Nearby
Well-served
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Image Towing Service
- ignition — 149 Crown St SW, Wyoming, MI 49509
- Dealers Choice Auto Body & Mechanical — 4609 Division Ave S, Grand Rapids, MI 49548
- SP Auto Solutions — 4563 division ave s, grand rapids, mi 49548
- AB Spring Service Inc — 4537 Roger B Chaffee Memorial Blvd SE, Grand Rapids, MI 49548
Frequently Asked Questions
What type of property is this?
Auto shop - Property currently used 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 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: Used and leased as a car dealership, auto mechanical garage, and tire/detail shop; Many business‑related assets included in the sale; Block and vinyl siding construction with a rubber roof
