Retail Building with Apartment
4354 Division Avenue S Kentwood, MI 49548
4354 Division Avenue S, Kentwood, MI, 49548
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For Sale
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Retail building on a busy corner with an apartment above and ample parking in front and behind the property.
Property Size2,920 SF
Price / SF$125
Days on Market91
Property Features for 4354 Division Avenue S
General Information
- Standard status
- Active
- Size
- 2,920 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1925
Listing agency
Colburn Commercial Properties
Listed by
Chad Monroe · License #6501450578
Source
Crexi
Added: Apr 23 Updated: Jul 21 at 11:54AM Checked: Jul 21 at 11:54AM
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 retail building includes space on the ground level with an apartment above. The property is designed to serve both street-level retail needs and residential use within the same building footprint.
Located at the busy corner of 44th Street and Division, the site benefits from substantial daily traffic, with approximately 16,000 cars passing by each day. Ample parking is available in front of and behind the building, supporting customer access and tenant operations.
Offered for sale at 4354 Division Avenue S in Kentwood, this property’s mixed-use configuration and corner visibility make it a practical option for buyers seeking a retail asset with an additional apartment unit.
Located at the busy corner of 44th Street and Division, the site benefits from substantial daily traffic, with approximately 16,000 cars passing by each day. Ample parking is available in front of and behind the building, supporting customer access and tenant operations.
Offered for sale at 4354 Division Avenue S in Kentwood, this property’s mixed-use configuration and corner visibility make it a practical option for buyers seeking a retail asset with an additional apartment unit.
Key Highlights
- Retail building with an apartment above
- Built in 1925
- Located on a busy corner of 44th Street and Division
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 | $45.2k | $15.48 |
| − Vacancy | −$1.9k | −$0.65 |
| EGI | $43.3k | $14.83 |
| − OpEx | −$13.0k | −$4.45 |
| NOI | $30.3k | $10.38 |
2,920 SF · lease $15.48/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$433.0K
$378.9K – $505.2K
NOI $30,312 @ 7.0% cap · market cap 8.30%
Second Best
Office B
$416.8K
$364.7K – $486.3K
NOI $29,176 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$522.3K
$457.0K – $609.3K
NOI $36,558 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail building on a busy corner with an apartment above and ample parking in front and behind the property.
Where is this retail space located?
The property is located at 4354 Division Avenue S Kentwood, MI.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Retail building with an apartment above; Built in 1925; Located on a busy corner of 44th Street and Division
