Turnkey Fully Leased Retail
For Sale
$450,000
4342 Division Avenue S, Grand Rapids, MI 49548
COMMERCIAL - Grand Rapids, MI
Property Size5,408 SF
Lot Size0.17 Acres
Price / SF$83.21
Days on Market66
Property Features for 4342 Division Avenue S
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
FBC
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Elementary school district
Kelloggsville
Middle school district
Kelloggsville
High school district
Kelloggsville
Directions
44th St to N on Division, building is on the right.
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
Legal Description
LOT 275 * HOME ACRES
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
Changed: Jul 25
Last Checked: Jul 31 at 8:06AM
MLS# 26026131
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 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 brick retail/commercial building on Division Avenue S and 44th Street in Kentwood
- 5,000 SF total building size with 2 units, both fully leased
- Unit 1: 3,224 SF leased for $2,000/month with 3% annual rent increases
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
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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Similar Off Market Nearby
- Isabel’s Flowers — 4836 division ave s, kentwood, mi 49548
Frequently Asked Questions
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 brick retail/commercial building on Division Avenue S and 44th Street in Kentwood; 5,000 SF total building size with 2 units, both fully leased; Unit 1: 3,224 SF leased for $2,000/month with 3% annual rent increases
