Car Lot with Retail Office
5740 Division Avenue S Grand Rapids, MI 49548
New
5740 Division Avenue S, Grand Rapids, MI, 49548
$799,900
For Sale
$799,900
COMMERCIAL - Grand Rapids, MI
Property Size2,128 SF
Lot Size1.57 Acres
Price / SF$375.89
Days on Market4
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 Agency
Cascade Properties Rlty LLC
(616) 942-0048
4935 Cascade Rd. SE, MI
Listed by
Jordan P Nemmers · License #6506042764
(616) 745-5062
Added: Jul 14 Checked: Jul 17 at 4:06 pm
MLS# 26035836
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.57-acre commercial parcel has operated as a car lot for more than 30 years. The site includes a retail building with a bath and four separate offices, providing on-site space that can support a range of commercial uses.
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.
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 |
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
—
—
no second resolved use
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
Property Profile
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
- Robert Stouten & Associates Inc — 393 Mart St SW, Grand Rapids, MI 49548
FAQs
What type of property is this?
Parking lot & garage - 1.57-acre parcel includes a retail building with a bath and four separate offices, with access off busy Division Ave.
Where is this parking lot & garage 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 busy Division Ave near Cutlerville; Retail building includes a bathroom and 4 separate offices; Forced air heating
