Turnkey Fully Leased Retail
4342 Division Avenue S Grand Rapids, MI 49548
4342 Division Avenue S, Grand Rapids, MI, 49548
$450,000
For Sale
$450,000
COMMERCIAL - Grand Rapids, MI
Property Size5,408 SF
Lot Size0.17 Acres
Price / SF$83.21
Days on Market56
Property Features for 4342 Division Avenue S
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 41-18-19-353-002
- Size
- 5,408 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 275 * HOME ACRES
- Tax Annual Amount
- 6405
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Forced Air
Building Details
- Year built
- 1940
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Brick
Listing agency
Rise Realty Group
(616) 227-0744
Listed by
Chad Monroe
(616) 439-4653
Added: May 27 Updated: Jun 4 at 12:42PM Checked: Jul 21 at 3:06PM
MLS# 26026131
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Investment Insights
Based on property information with market context.
This two-unit retail/commercial building is fully occupied and positioned for immediate income. The property includes Unit 1 with 3,224 SF and Unit 2 with 2,184 SF, bringing total building size to approximately 5,000 SF. Both units are under lease, and each features built-in 3% annual escalations, supporting consistent rent growth over time. The tenant expense structure is gross modified, with tenants responsible for utilities.
The property is located on Division Avenue South and 44th Street in Kentwood, within the Grand Rapids metro area’s high-traffic retail corridor. The site benefits from approximately 24,000–40,000 vehicles passing daily, which can support strong visibility and footfall for day-to-day retail activity.
For buyers and investors seeking a stabilized, turnkey retail asset, the current fully leased status reduces near-term leasing risk while preserving the ability to benefit from scheduled rent increases. Operators evaluating the property for continued ownership will find a straightforward two-tenant structure and a lease setup that keeps utility responsibility with the tenants.
The property is located on Division Avenue South and 44th Street in Kentwood, within the Grand Rapids metro area’s high-traffic retail corridor. The site benefits from approximately 24,000–40,000 vehicles passing daily, which can support strong visibility and footfall for day-to-day retail activity.
For buyers and investors seeking a stabilized, turnkey retail asset, the current fully leased status reduces near-term leasing risk while preserving the ability to benefit from scheduled rent increases. Operators evaluating the property for continued ownership will find a straightforward two-tenant structure and a lease setup that keeps utility responsibility with the tenants.
Key Highlights
- Two‑unit, fully leased retail/commercial building at Division Ave S and 44th St in Kentwood.
- Total building size: 5,000 SF; Unit 1 is 3,224 SF and Unit 2 is 2,184 SF.
- Current rents: Unit 1 at $2,000/month and Unit 2 at $1,400/month; combined monthly income of $3,400.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Xclusive Beauty Supplies
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Isabel’s Flowers — 4836 division ave s, kentwood, mi 49548
FAQs
What type of property is this?
Storefront property - Two fully leased retail units generate immediate income with built-in annual rent increases.
Where is this storefront property located?
The property is located at 4342 Division Avenue S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two‑unit, fully leased retail/commercial building at Division Ave S and 44th St in Kentwood.; Total building size: 5,000 SF; Unit 1 is 3,224 SF and Unit 2 is 2,184 SF.; Current rents: Unit 1 at $2,000/month and Unit 2 at $1,400/month; combined monthly income of $3,400.
