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    Live - Work Space

    Grand Rapids, MI Live-work Space for Sale

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    Division Avenue Commercial Building For Sale
    Updated: Mar 26
    Division Avenue Commercial Building For Sale

    1001 Division Ave S, Grand Rapids, MI 49507

    $975,000
    9,696 sqft 0.50 AC lot
    Approved for cannabis testing/secure transport facility.
    TN‑TBA zoning allows for diverse uses including live‑work, multi‑family, and medical.
    Sits within the SouthTown corridor improvement authority development plan.
    Ample parking and great frontage on busy Division Avenue.
    Building renovated in 2009.
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    See hot listings in Grand Rapids

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Multiple Buildings
    Mixed-Use Property with Multiple Buildings

    314 & 316 Western Avenue, Allegan, MI 49010

    $400,000
    5,610 sqft 0.80 AC lot

    Separate buildings support commercial space and an established multifamily rental use.

    View details
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

    502 State St, Hastings, MI 49058

    $349,000
    2,278 sqft 0.20 AC lot

    3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI

    View details
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI
    3 Unit Fully Leased Apartment - 502 W. State Street, Hastings MI

    502 State St, Hastings, MI 49058

    $349,000
    2,278 sqft 0.20 AC lot

    3 Unit Apartment - Zoned as Mixed Use PUD 502 W. State Street, Hastings MI

    View details
    Mixed-Use Building with Apartment
    Mixed-Use Building with Apartment

    217 Hubbard St, Allegan, MI 49010

    $365,000

    Upper-level residential space accompanies an open commercial area and lower walk-out level.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Retail Space in City Center District
    Retail Space in City Center District

    407 Turner Avenue NW, Grand Rapids, MI 49504

    $1,475,000
    7,316 sqft 0.32 AC lot

    The building offers central air, forced-air heat, broadband, and a bathroom.

    View details

    Grand Rapids, MI Live-Work Space Market Trends and Statistics

    Explore 1 live-work space for sale in Grand Rapids, MI on our real estate platform. These investment opportunities span a total of 9,696 square feet of properties for sale, with an estimated market value of $975,000.

    Sale prices for live-work properties in Grand Rapids, MI average $975,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 178
    Office buildings 64
    Medical Office Space 22
    Creative space 11
    Coworking space 8

    Demographics Overview

    Population 434K
    Population Growth (5Y) +2.4%
    Median Household Income $74,271
    College Educated 24.5%

    High-Yield Neighborhoods for Investment

    Identify Grand Rapids submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49504 $649.9K

    Taxes & Financing

    Tax Rate (average for all types) 3.15%
    Property Tax per SF $44.85 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Kent County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Kent County

    Retail

    Office

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Grand Rapids fall within the Under 2,500 square foot range.

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    Most Searched ZIP Codes in Grand Rapids, MI

    • 49507

    Featured Grand Rapids Real Estate Agencies

    Realmo connects you with licensed Grand Rapids CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Greenridge Realty Inc.
    3115 Orchard Vista Dr. S.E. Grand Rapids, MI 49546
    Phone: 16169745042
    www.greenridge.com/
    Berkshire Hathaway HomeServices Michigan Real Estate
    3000 E Beltline NE Grand Rapids, MI 49525
    Phone: 18778087007
    www.BHHSMichiganRealEstate.com

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