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    5520 Division Ave Grand Rapids, MI 49548

    For Lease
    $15 SF/Yr ($14,106 /Mo)

    Grand Rapids Retail Space: 1,800 SF Available

    Lot size:
    11,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional retail property, located at 5520-5528 Division Avenue SE in Grand Rapids, Michigan, offers a prime opportunity for businesses seeking high visibility and convenient access. The single-story building, constructed in 1985 and extensively renovated in 2021, boasts a total of 11,285 square feet, with 1,800 square feet currently available for lease. Situated on a 0.92-acre lot, the property features ample parking with 33 spaces, ensuring convenient customer access. The building's strategic location along busy Division Avenue and 54th Street provides excellent exposure to a high volume of traffic. A large pylon sign enhances visibility, further maximizing marketing potential. The property benefits from its proximity to major retailers such as Walmart, Kum & Go, and Home Depot, creating a synergistic retail environment. Furthermore, its location along the Rapid Silver Line bus route ensures accessibility for a wide range of potential customers. The property is zoned FBC CE and is located within the 36th/44th St Corridor submarket of Kent County, offering a thriving commercial landscape. This is an ideal location for businesses seeking a well-maintained, highly visible space in a bustling commercial area. The property's recent renovation ensures modern amenities and a move-in ready condition. Don't miss this chance to establish your business in a prime Grand Rapids location.

    Property Features for 5520 Division Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,285 SF
    Total Rate
    14106.25

    Building Details

    Year Built/Renovated
    1985/2021
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 5522
    Size
    1,800 SF
    Rate per SF
    $15

    HighLights

    • 11,285 SF strip center with 1,800 SF available for lease.
    • 1,800 SF of retail space available; $15.00/SF NNN.
    • 12' ceiling height.
    • Zoned FBC CE.
    • 0.92‑acre lot (162' x 246').
    • Built in 1985, extensively renovated in 2021.
    Property Profile Location Intelligence

    Current Use by Public Records

    Family Shopping Center ... Asian Grocery Store BTM Machines Bitcoin ... Crypto Atm Vigo Money Transfer Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.663422
    Latitude
    42.8634696

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    FAQs

    What type of property is this?
    Retail property - Grand Rapids Retail Space: 1,800 SF Available
    Where is this retail property located?
    The property is located at 5520 Division Ave Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 11,285 SF strip center with 1,800 SF available for lease.; 1,800 SF of retail space available; $15.00/SF NNN.; 12' ceiling height.
    Request Owner's contact information
    5520 Division Ave Grand Rapids, MI 49548
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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
    5520 Division Ave Grand Rapids, MI 49548
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