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    Grand Rapids, MI
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    Grand Rapids, MI Parking Lots & Garages for Sale

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    Car Lot with Retail Office Building
    Updated: Jul 14
    Car Lot with Retail Office Building

    5740 Division Avenue S, Grand Rapids, MI 49548

    $799,900
    2,128 sqft 1.57 AC lot
    1.566‑acre commercial parcel on the south side of busy Division Ave near Cutlerville
    Retail building includes a bathroom and 4 separate offices
    Forced air heating
    Property has been used as a thriving car lot for over 30 years
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    This listing looks promising.

    Here's a quick look at some key insights for

    5740 Division Avenue S, Grand Rapids, MI 49548

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    • Est. Cap Rate

      3.9%
      NOI ÷ price

    • Est. NOI

      $31K
      Annual

    • Price @ 7% Cap

      $441K
      Suggested

    • Property Type

      Commercial (General)
      Built 1950
    View Property Analytics
    City Center Parking Lot Development Site
    Updated: Oct 6, 2021
    City Center Parking Lot Development Site

    407 Turner Avenue NW, Grand Rapids, MI 49504

    $1,475,000
    7,316 sqft 0.32 AC lot
    Year built: 1963
    Construction: block and concrete
    Heating: forced air
    Cooling: central air
    Roof materials: rubber and stone
    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 2 Active listings in Grand Rapids, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 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.

    Car Lot Parcel with Retail Offices
    Car Lot Parcel with Retail Offices

    5740 Division Ave S, Kentwood, MI 49548

    $799,900
    1.57 AC lot

    1.566-acre commercial parcel with a retail building, bath, and four separate offices, supported by long-term car lot use.

    View details
    Mostly Paved Parking Lot
    Mostly Paved Parking Lot

    608 Greenwood Place, Jackson, MI 49203

    Contact for pricing
    0.22 AC lot

    Commercially zoned downtown parcel positioned across from Austin Blair Park and surrounded by residential and small-business uses.

    View details
    High-Visibility Commercial Auto Sales Lot
    High-Visibility Commercial Auto Sales Lot

    6006 Ann Arbor Road, Jackson, MI 49201

    Contact for pricing
    240 sqft

    Prime commercial lot with high visibility and traffic counts.

    View details
    Industrial Investment with Parking Lot
    Industrial Investment with Parking Lot

    1500 Marion Ave, Grand Haven, MI 49417

    Contact for pricing

    Stabilized industrial investment with an on-site commercial building and an associated parking lot.

    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.

    Urban Nature Recreation Land
    Urban Nature Recreation Land

    426 E Michigan Avenue, Kalamazoo, MI 49007

    $200,000
    4.10 AC lot

    Vacant parcel with parking, a walking trail, native plantings, and a bridge to wetlands.

    View details
    Mobile Home with Pole Barn
    Mobile Home with Pole Barn

    6634 N Woodbridge Road, White Cloud, MI 49349

    $199,900
    924 sqft 9.93 AC lot

    Mobile home with well and septic, plus a pole barn and space for RV or travel trailer storage on nearly 10 acres.

    View details
    Commercial Lot with River Frontage
    Commercial Lot with River Frontage

    203 S Main Street, Three Rivers, MI 49093

    $52,000
    1.07 AC lot

    One-acre commercial lot with frontage on the St. Joseph River.

    View details
    Paved Commercial Land
    Paved Commercial Land

    208 Robertson Street, Cadillac, MI 49601

    $150,000
    0.69 AC lot

    Mostly level, fully paved commercial parcel with cable availability and an easement connection to an adjacent office building.

    View details

    Off-Market Properties in Grand Rapids, MI

    Consider similar Off-Market properties in Grand Rapids, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    330 Terminal St
    Automotive properties

    330 Terminal St, Grand Rapids, MI 49548

    Value Estimation by Request
    View details

    Grand Rapids, MI Parking Lots & Garages Market Trends and Statistics

    Explore 3 parking lots & garages for sale in Grand Rapids, MI on our real estate platform. These investment opportunities span a total of 9,444 square feet of properties for sale, with an estimated market value of $2,274,900.

    Sale prices for parking garages in Grand Rapids, MI start at $799,900, averaging $1,137,450, and reaching up to $1,475,000 — 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 Spaces 218
    Retail properties & Spaces 147
    Residential income properties 143
    Multifamily properties 133
    Office Units 127

    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
    49548 $799.9K
    49504 $1.5M

    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 10,000 to 25,000 square foot range.

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    • 49548

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