Retail Building with
5740 Division Avenue S Grand Rapids, MI 49548
5740 Division Avenue S, Grand Rapids, MI, 49548
$799,900
For Sale
$799,900
Versatile commercial parcel includes a retail building with bath and four separate office rooms.
Property Size2,128 SF
Price / SF$375.89
Days on Market8
Property Features for 5740 Division Avenue S
General Information
- Standard status
- Active
- Size
- 2,128 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing Agency
Cascade Properties Rlty LLC
(616) 745-5062
Listed by
Jordan Nemmers · License #6506042764
(616) 745-5062
Source
Xome
Added: Jul 11 Checked: Jul 18 at 2:03 am
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 Cascade Properties Rlty LLC
Investment Insights
Based on property information with market context.
The property is a 1.566-acre commercial parcel that has operated as a car lot for more than 30 years. The included building features retail space with a bathroom and four separate office rooms, providing flexible space for a variety of business uses.
Located on the south side of Division Ave near Cutlerville, the site offers visibility and easy access.
With both outdoor car-lot use history and a mix of retail and office interiors, the building and parcel configuration support multiple commercial operating styles based on your needs.
Located on the south side of Division Ave near Cutlerville, the site offers visibility and easy access.
With both outdoor car-lot use history and a mix of retail and office interiors, the building and parcel configuration support multiple commercial operating styles based on your needs.
Key Highlights
- 1.566‑acre commercial parcel on the south side of Division Ave near Cutlerville
- Retail building includes a bath and four separate office rooms
- Lot dimensions: 236x300x205x100x30x206
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 | $46.7k | $21.96 |
| − Vacancy | −$2.7k | −$1.25 |
| EGI | $44.1k | $20.71 |
| − OpEx | −$13.2k | −$6.21 |
| NOI | $30.8k | $14.50 |
2,128 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$440.7K
$385.6K – $514.1K
NOI $30,847 @ 7.0% cap · market cap 3.86%
Second Best
Office B
$284.1K
$248.6K – $331.5K
NOI $19,889 @ 7.0% cap · market cap 2.49%
Theoretical Best
Specialty Retail
$493.8K
$432.1K – $576.2K
NOI $34,569 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
AA Auto Sales ...
Car Dealership
All State Auto ...
Car Dealership
Similar For Sale Nearby
Similar Off Market Nearby
- La Casa De La Cobija — 2355 Division Ave S, Grand Rapids, MI 49507
- Southwest Tile & Carpets — 130 Cutler St SW, Grand Rapids, MI 49507
FAQs
What type of property is this?
Showroom - Versatile commercial parcel includes a retail building with bath and four separate office rooms.
Where is this showroom located?
The property is located at 5740 Division Avenue S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 1.566‑acre commercial parcel on the south side of Division Ave near Cutlerville; Retail building includes a bath and four separate office rooms; Lot dimensions: 236x300x205x100x30x206
