5740 Division Avenue S Grand Rapids, MI 49548
COMMERCIAL - Grand Rapids, MI
Property Features for 5740 Division Avenue S
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Active
- APN
- 41-18-31-304-040
- Size
- 2,128 SF
- Lot size
- 1.57 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- Lengthy Legal(See attached)
- Tax Annual Amount
- 8180
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
Listing agent Jordan P Nemmers License #6506042764 (616) 745-5062
Listing office Cascade Properties Rlty LLC 4935 Cascade Rd. SE, MI (616) 942-0048
Listing date Jul 14, 2026
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Investment Insights
Based on property information with market context.
The property is located on the south side of Division Ave in the Grand Rapids area, near Cutlerville, and is described as having great visibility and easy access.
With both paved lot use and enclosed office space, the layout offers flexible options for buyers seeking a multi-use property configuration.
Key Highlights
- 1.566‑acre commercial parcel on the south side of busy Division Ave near Cutlerville
- Retail building includes a bathroom and 4 separate offices
- Forced air heating
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 |
Alternative Uses
Property Analytics
Current Use by Public Records
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