2960 Division Ave, Grand Rapids, MI 49548
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.