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    5844 Division Ave Grand Rapids, MI 49548

    Sponsored
    For Sale
    $795,000

    6.64 Acres, Excellent Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 6.64-acre commercial land parcel presents a prime greenfield development opportunity in Grand Rapids, Michigan. Located at 5844 Division Ave S, Kentwood, this property boasts 450 feet of frontage on Division Avenue, just off 60th Street, offering excellent visibility and accessibility. The land features desirable topography and is zoned FBC (Form-Based Code) as part of the "Corridor General" designation within the City of Kentwood's zoning plan. This versatile zoning allows for a wide array of potential uses, including but not limited to retail, office, self-storage facilities, multifamily residential buildings, educational institutions, and more. The property's APN is 41-18-31-352-053. The asking price is $795,000, translating to approximately $119,728.92 per acre. This represents a significant opportunity for investors and developers seeking a strategically located site with substantial development flexibility in a thriving Michigan market. The property is being offered for sale by owner. This is a rare chance to acquire a large, well-situated parcel in a rapidly growing area. Don't miss this chance to secure your future development project.

    Property Features for 5844 Division Ave

    General Information

    Property type
    Land
    Lot Size
    289,238 SF

    HighLights

    • $795,000 asking price for 6.64 acres of commercial land.
    • Located at 5844 Division Ave S, Grand Rapids, MI 49548.
    • Zoned FBC (Form‑Based Code) allowing for diverse uses including retail, office, multifamily, and more.
    • $119,728.92 per acre land value.
    • Broker co‑op available.
    • APN: 41‑18‑31‑352‑053.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.662525
    Latitude
    42.856792

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    FAQs

    What type of property is this?
    Land - 6.64 Acres, Excellent Development Potential
    Where is this land located?
    The property is located at 5844 Division Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: $795,000 asking price for 6.64 acres of commercial land.; Located at 5844 Division Ave S, Grand Rapids, MI 49548.; Zoned FBC (Form-Based Code) allowing for diverse uses including retail, office, multifamily, and more.
    (616) 242-1115
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5844 Division Ave Grand Rapids, MI 49548
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