Automotive Service and Retail
4201 Division Avenue S Grand Rapids, MI 49548
4201 Division Avenue S, Grand Rapids, MI, 49548
Contact for pricing
For Sale
Contact for pricing
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 Market8
Property Features for 4201 Division Avenue S
General Information
- Standard status
- Active
- Size
- 2,578 SF
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1940
Listing Agency
City2Shore Real Estate
Listed by
John D DeBlaay · License #MI - 6501420293
Source
Crexi
Added: Jul 12 Checked: Jul 19 at 5:31 am
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 City2Shore Real Estate
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.6k | $21.96 |
| − Vacancy | −$3.2k | −$1.25 |
| EGI | $53.4k | $20.71 |
| − OpEx | −$16.0k | −$6.21 |
| NOI | $37.4k | $14.50 |
2,578 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- South Division Auto Repair — 2555 Division Ave S, Grand Rapids, MI 49507
- Corral Tire Shop — 2332 Division Ave S, Grand Rapids, MI 49507
- Rapid auto repair & collision — 2531 Division Ave S, Grand Rapids, MI 49507
- brockers body shop — 2271 Stafford Ave SW, Grand Rapids, MI 49507
- Luna Mofles Brakes — 1135 South Division, Grand Rapids, MI 49507
FAQs
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 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: 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
