Office Building with
5630 Division Ave S, Grand Rapids, MI 49548
For Sale
$425,000
A flexible floor plan combines private offices, shared work areas, and a garage for vehicle and equipment storage.
Property Size2,880 SF
Lot Size0.44 Acres
Price / SF$147.57
Days on Market25
Property Features for 5630 Division Ave S
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Lease Type
Site & Location
Highway Access
Road Access
Additional Details
Condition
Asking Price
Property Use
Amenities
private offices
conference room
open work areas
kitchenette
garage
signage
monument sign opportunity
Power
Water
Sewer
Natural Gas
Vacant
10 Parking Spaces
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Building Size
Listing Agency:
Cushman & Wakefield Michigan
Listed By:
Jason Webb · License MI #6501374173
(616) 238-1044
Source:
Carwm.resimplifi
Added: Oct 16
Changed: Nov 9
Last Checked: Nov 8 at 2:25AM
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 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.
The 2,880-square-foot office building was renovated in 2026 with new paint and luxury vinyl plank flooring. Its interior has seven private offices, a conference room, open work areas, a kitchenette, and two restrooms. A 730-square-foot garage with two roll-up doors provides space for work vehicles, equipment, and materials. The building also has a metal roof, vinyl and metal siding, and signage.
On a 0.44-acre corner site, the property has 138 feet of frontage on Division Ave S, surface parking, a small rear yard, and two points of ingress and egress. It is 4 minutes from US-131 and 8 minutes from M-6. Zoning is FBC (Form Based Code).
On a 0.44-acre corner site, the property has 138 feet of frontage on Division Ave S, surface parking, a small rear yard, and two points of ingress and egress. It is 4 minutes from US-131 and 8 minutes from M-6. Zoning is FBC (Form Based Code).
Key Highlights
- 2,880‑square‑foot office building renovated in 2026
- Seven private offices, a conference room, open work areas, kitchenette, and two restrooms
- 730‑square‑foot garage with two roll‑up doors
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
Who owns this building?
See the owner, sales and loan history
Open 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
$149,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 floor plan combines private offices, shared work areas, and a garage for vehicle and equipment storage.
Where is this office building located?
The property is located at 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 office building renovated in 2026; Seven private offices, a conference room, open work areas, kitchenette, and two restrooms; 730‑square‑foot garage with two roll‑up doors
