Retail Building with
For Sale
$2,250,000
Pending
4410 Division Ave S, Grand Rapids, MI 49548
Free-standing retail building with drive-thru on heavily traveled corner.
Property Size11,180 SF
Days on Market1313
Property Features for 4410 Division Ave S
General Information
Standard status
Pending
Size
11,180 SF
Property subtype
Retail
Zoning
FBC
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Built
1998
Listing Agency:
Advantage Commercial Real Estate
Listed By:
Mark Ansara · License #6501354465
(616) 745-9290
Source:
Carwm.resimplifi
Added: Mar 3, 2023
Changed: Sep 22
Last Checked: Oct 5 at 3:01PM
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 Advantage Commercial Real Estate
Investment Insights
Based on property information with market context.
This is a free-standing retail building with a drive-thru, situated on the southeast corner of 44th Street and Division Avenue South. The location benefits from high traffic and visibility from all directions. It is located less than 1 mile from US 131. Pylon signage is available. Neighboring retailers include Walgreens, Family Dollar, Taco Bell, Advanced Auto Parts, Ace Hardware, National Ladder and Scaffolding, and Citgo Gas. The property, formerly a Rite Aid, offers immediate possession. The site has a potential for redevelopment into a strip center. The property size is 11180 square feet.
Key Highlights
- High‑traffic location at the corner of 44th Street and Division.
- Drive‑thru access.
- Excellent visibility from all directions.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,063
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,241,260
$3.2M
Cap Rate 7%
$2,315,186
$2.3M
Cap Rate 9%
$1,800,700
$1.8M
Market Conditions
NOI Build-Up for 11,180 SF
Gross rent
$245.5K $21.96/SF
− Vacancy
−$14.0K −$1.25/SF
EGI
$231.5K $20.71/SF
− OpEx
−$69.5K −$6.21/SF
NOI
$162.1K $14.50/SF
Area
Grand Rapids, MI
Vacancy
5.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,241,260
Cap Rate 7%
$2,315,186
Cap Rate 9%
$1,800,700
Alternative Uses
Best Use
Retail
$2.32M
$2.03M – $2.70M
NOI $162,063 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.59M
$2.27M – $3.03M
NOI $181,619 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
39k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 35%
Home Improvements & Furnishings 13%
Taco Bell
Dining
13,435 visits/mo
0.1 miles
Citgo
Shops & Services
8,112 visits/mo
0.1 miles
Dollar General
Shops & Services
5,396 visits/mo
0.2 miles
Bradley Ace Hardware
Home Improvements & Furnishings
5,099 visits/mo
0.2 miles
Monro Auto Service and Tire Centers
Shops & Services
3,203 visits/mo
0.5 miles
Demographics for 49548, MI
34,741
Population
13,174
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
86%
High-School Grad
10.8 sq mi
ZIP Area
3,217
Density / Sq Mi
$62,218
Median Household Income
$35,831
Median Earnings
$1,129
Median Rent
$149,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Retail space - Free-standing retail building with drive-thru on heavily traveled corner.
Where is this retail space located?
The property is located at 4410 Division Ave S Grand Rapids, MI.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: High‑traffic location at the corner of 44th Street and Division.; Drive‑thru access.; Excellent visibility from all directions.
