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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

4603 Division Ave Grand Rapids, MI 49548

1,248 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Total area 1,248 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Classic Family Hair Studio Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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