Fully Leased Two-Unit Retail
For Sale
Contact for pricing
4342 Division Avenue S, Grand Rapids, MI 49548
Two fully leased retail units with built-in 3% annual increases and tenant-paid utilities under modified gross terms.
Property Size5,408 SF
Price / SF$83.21
Days on Market61
Property Features for 4342 Division Avenue S
General Information
Standard status
Active
Size
5,408 SF
Property subtype
Retail, Office, Industrial
Occupancy
100%
Additional Details
Business Included
Yes
Traffic Count
40,000 vehicles/day
Building Details
Year Built
1940
Tenancy
Multi
Listing Agency:
Colburn Commercial Properties
Listed By:
Chad Monroe · License #6501450578
Source:
Crexi
Added: Jun 1
Changed: Jul 10
Last Checked: Jul 30 at 2:47PM
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 Colburn Commercial Properties
Investment Insights
Based on property information with market context.
This for-sale property is a two-unit retail/commercial building configured for separate tenants. The total building size is approximately 5,000 SF and both units are currently leased. Unit 1 is 3,224 SF and Unit 2 is 2,184 SF. The lease structure is described as gross modified, with tenants responsible for all utilities. Both leases include 3% annual increases, supporting consistent rental step-ups over time.
The property is located on Division Avenue South at 44th Street in Kentwood. Public remarks note traffic of approximately 24,000 to 40,000 vehicles passing daily, which can provide strong day-to-day visibility for the operating businesses.
For investors or owner-operators looking for current income, the key consideration here is that the building is fully occupied and producing rent at acquisition. Combined monthly income is listed at $3,400, with annual income noted as $40,800, along with the stated built-in 3% increases on both units. The modified gross structure also shifts responsibility for utilities to the tenants, which may simplify operating cost management compared with leases where the landlord assumes utility expenses.
The property is located on Division Avenue South at 44th Street in Kentwood. Public remarks note traffic of approximately 24,000 to 40,000 vehicles passing daily, which can provide strong day-to-day visibility for the operating businesses.
For investors or owner-operators looking for current income, the key consideration here is that the building is fully occupied and producing rent at acquisition. Combined monthly income is listed at $3,400, with annual income noted as $40,800, along with the stated built-in 3% increases on both units. The modified gross structure also shifts responsibility for utilities to the tenants, which may simplify operating cost management compared with leases where the landlord assumes utility expenses.
Key Highlights
- Two‑unit retail/commercial building (5,000 SF total) with both units fully leased
- Unit 1: 3,224 SF leased for $2,000/month with 3% annual increases
- Unit 2: 2,184 SF leased for $1,400/month with 3% annual increases
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Shops & Services 47%
Electronics 5%
Popeyes Louisiana Kitchen
Dining
10,885 visits/mo
0.3 miles
Mobil
Shops & Services
5,425 visits/mo
0.5 miles
Family Dollar
Shops & Services
5,297 visits/mo
0.1 miles
Boost Mobile
Electronics
1,127 visits/mo
0.2 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
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Frequently Asked Questions
What type of property is this?
Retail space - Two fully leased retail units with built-in 3% annual increases and tenant-paid utilities under modified gross terms.
Where is this retail space 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 retail/commercial building (5,000 SF total) with both units fully leased; Unit 1: 3,224 SF leased for $2,000/month with 3% annual increases; Unit 2: 2,184 SF leased for $1,400/month with 3% annual increases
