Office Building with Vehicle
5624/5630 Division Ave S, Grand Rapids, MI 49548
For Sale
Contact for pricing
A flexible office layout and on-site garage support service operations from one location.
Property Size2,880 SF
Lot Size0.44 Acres
Price / SF$147.57
Days on Market20
Property Features for 5624/5630 Division Ave S
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Condition
Asking Price
Property Use
Amenities
garage
conference room
kitchenette
signage
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Cushman & Wakefield - Detroit - Southfield, Michigan
Listed By:
Jason Webb · License MI #6501374173
(616) 238-1044
Source:
Crexi
Added: Oct 21
Changed: Nov 8
Last Checked: Nov 8 at 4:20PM
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 Cushman & Wakefield - Detroit - Southfield, Michigan
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,880-square-foot standalone office building was renovated in 2026 with fresh paint and luxury vinyl plank flooring. Its layout includes seven private offices, a conference room, open work areas and a kitchenette. A large garage with two roll-up doors provides space for work vehicles, equipment and materials.
The property occupies a 0.44-acre corner site with 138 feet of frontage on Division Ave S. Surface parking, a small rear yard, building signage and two points of ingress and egress are provided. The site is zoned FBC (Form Based Code). Travel times are four minutes to US 131 and eight minutes to M-6.
The property occupies a 0.44-acre corner site with 138 feet of frontage on Division Ave S. Surface parking, a small rear yard, building signage and two points of ingress and egress are provided. The site is zoned FBC (Form Based Code). Travel times are four minutes to US 131 and eight minutes to M-6.
Key Highlights
- 2,880‑square‑foot standalone office building renovated in 2026
- Seven private offices, conference room, open work areas and kitchenette
- Garage with two roll‑up doors for vehicles, equipment and materials
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,918
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,360
$538.4K
Cap Rate 7%
$384,543
$384.5K
Cap Rate 9%
$299,089
$299.1K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$46.3K $16.08/SF
− Vacancy
−$10.4K −$3.62/SF
EGI
$35.9K $12.46/SF
− OpEx
−$9.0K −$3.12/SF
NOI
$26.9K $9.35/SF
Area
Grand Rapids, MI
Vacancy
22.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,360
Cap Rate 7%
$384,543
Cap Rate 9%
$299,089
Alternative Uses
Best Use
Office B
$384.5K
$336.5K – $448.6K
NOI $26,918 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$668.4K
$584.8K – $779.8K
NOI $46,786 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
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
$149,500
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Grand Rapids, MI
Properties on Market for Office buildings in Grand Rapids
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - A flexible office layout and on-site garage support service operations from one location.
Where is this office building located?
The property is located at 5624/5630 Division Ave S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,880‑square‑foot standalone office building renovated in 2026; Seven private offices, conference room, open work areas and kitchenette; Garage with two roll‑up doors for vehicles, equipment and materials
