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    Division Ave Grand Rapids, MI 49507

    Sponsored
    For Sale
    $1,600,000

    High-traffic corner lot, development ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 0.95-acre commercial land parcel is strategically located at the highly visible, lighted intersection of Division Avenue S and Hall Street in Grand Rapids, Michigan. Situated in the desirable 49507 zip code, this property boasts a prime location just half a mile from the I-131 exit and on-ramp, ensuring excellent accessibility and high visibility. The property's APN is 41-17-01-228-019 and is zoned TB-TNA, allowing for a variety of development options. With over 32,000 vehicles passing daily, this location offers unparalleled exposure. Multiple points of ingress and egress are available on Hall Street, Division Avenue, and Zeno Street, providing convenient access for customers and employees. The site's proximity to established businesses such as McDonald's, AutoZone, and a Sunoco gas station further enhances its appeal. This vacant land presents a unique opportunity for developers seeking a high-traffic location in a thriving area. The property's designation as an opportunity zone adds to its investment potential. Don't miss this chance to acquire a highly sought-after commercial land parcel in a prime Grand Rapids location. The asking price is $1,600,000.

    Property Features for 0 Division Ave

    General Information

    Property type
    Land
    Lot Size
    41,382 SF

    HighLights

    • $1,600,000 asking price.
    • 0.95‑acre commercial land parcel.
    • TB‑TNA zoning.
    • Located at the highly visible intersection of Division Ave S and Hall St in Grand Rapids, MI (49507).
    • Excellent location near US‑131, with high daily traffic counts exceeding 32,000 vehicles.
    • Situated in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6669313
    Latitude
    42.9328521

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    FAQs

    What type of property is this?
    Land - High-traffic corner lot, development ready.
    Where is this land located?
    The property is located at Division Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: $1,600,000 asking price.; 0.95-acre commercial land parcel.; TB-TNA zoning.
    (616) 520-5467
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    Division Ave Grand Rapids, MI 49507
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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
    Division Ave Grand Rapids, MI 49507
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