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    OFF-MARKET
    Retail properties & Spaces

    2960 Division Ave, Grand Rapids, MI 49548

    2,799 SF 0.34 ac lot Built 1961
    Property ID
    Property summary
    AI-generated overview

    This exceptional Grand Rapids commercial property, located at 2960 Division Ave S, offers a prime opportunity for an owner-operator. The 2,799 square foot building, constructed in 1961, sits on a 0.34-acre lot (14,636 square feet) and boasts a high-visibility corner location with easy ingress/egress. Currently operating as a car dealership and auto repair shop, the property includes a 2,416 square foot updated building and a lift (other fixtures and fittings are available for separate purchase). The asking price is $633,000, translating to $279.39 per square foot. The property is zoned FBC-CG and features a single-story building. The dealership license is not included in the sale. This location presents a rare opportunity to acquire a well-established business in a high-traffic area. The property's excellent condition and strategic location make it an ideal investment for a savvy entrepreneur. APN: 411818103037.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1961
    Total area 2,799 SF
    Lot 0.34 ac (14,810 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
    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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