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    4603 Division Ave Grand Rapids, MI 49548

    Sponsored
    For Sale
    $274,999

    Turnkey Salon, High-Traffic Location

    Property size:
    1,248 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1,248 sq ft freestanding retail building in Grand Rapids, MI (49548) is listed at $274,999 ($220.35/sq ft). Currently operating as a fully equipped hair salon with five styling stations, two wash bowls, three dryers, a washer/dryer, kitchenette, and a flex room ideal for additional services (manicures, tanning, massage, etc.), it also features a sound system and two upstairs rooms perfect for office space or storage. The property sits on a 1,140 sq ft corner lot with ample rear parking. One current owner is open to chair rental, offering a potential revenue stream for the new owner. The versatile layout presents opportunities beyond its current use as a salon, making it suitable for various retail or office applications. This turnkey operation offers immediate income potential and significant upside for a savvy investor. The property is located in Kent County, Michigan.

    Property Features for 4603 Division Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,248 SF

    HighLights

    • 1,248 sq ft freestanding retail building in Grand Rapids, MI (49548) listed at $274,999 ($220.35/sq ft).
    • Currently operating as a fully equipped hair salon with five styling stations and ample parking.
    • Features two upstairs rooms ideal for office space or storage, plus a kitchenette and washer/dryer.
    • Situated on a 1,140 sq ft corner lot with rear parking.
    • Turnkey operation with potential for chair rental and diverse retail/office uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Classic Family Hair ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6649393
    Latitude
    42.8803408

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    FAQs

    What type of property is this?
    Individual retail property - Turnkey Salon, High-Traffic Location
    Where is this individual retail property located?
    The property is located at 4603 Division Ave Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $274,999.
    What are key features of this property?
    This property features: 1,248 sq ft freestanding retail building in Grand Rapids, MI (49548) listed at $274,999 ($220.35/sq ft).; Currently operating as a fully equipped hair salon with five styling stations and ample parking.; Features two upstairs rooms ideal for office space or storage, plus a kitchenette and washer/dryer.
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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
    4603 Division Ave Grand Rapids, MI 49548
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