6233 Division Ave Grand Rapids, MI 49548
This exceptional retail property at 6233 Division Ave S in Grand Rapids, Michigan, presents a unique investment opportunity. The 14,096 square foot building, situated on a 1.308-acre lot, boasts a prime location off South Division Avenue, offering excellent visibility and accessibility. Built in 1994 and extensively renovated in 2020, the property is zoned B-2 and features a single tenancy with 1,500 square feet currently vacant. The previous tenant occupied the space for over a decade, demonstrating the location's strong appeal. Ample parking is available with over 90 spaces and over 260 feet of frontage, ensuring convenient access for customers. The property includes prominent pole signage and building signage, enhancing visibility and brand recognition. Its proximity to US 131 provides easy access for customers and employees. This is a rare opportunity to acquire a well-maintained, high-visibility retail space in a thriving Grand Rapids location. The property's history of long-term tenancy and significant recent renovations make it an attractive investment prospect. The 49548 zip code offers a strong demographic profile. This is a first-time-on-the-market offering.
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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
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No recorded transactions found for this property.
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Risks
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