Property profile

2960 Division Ave Grand Rapids, MI 49548

OFF-MARKET
Retail properties & Spaces
2,799 SF 0.34 ac lot Built 1961
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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

Location

2960 Division Ave Grand Rapids, MI 49548
Grand Rapids metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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