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Property profile

6015 Division S Ave Grand Rapids, MI 49548

OFF-MARKET
Commercial real estate
Property ID
US43-1572819
4,608 SF 0.55 ac lot Built 1959
Individually Owned Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, 4,608 square foot automotive dealership in Grand Rapids, Michigan. The property, located at 6015 Division Ave S, includes two buildings on a single story, built in 1959, and boasts a large showroom and ample shop space. The sale includes a 50+ car capacity lot, an adjacent 830 square foot single-family home (currently leased month-to-month), and an additional 0.28-acre vacant lot, offering significant expansion potential. The dealership operates under a gross lease with 100% occupancy. The asking price is $995,000, translating to $215.93 per square foot. The property features three APNs: 412101226015, 412101226007, and 412101226006. The seller is open to considering seller financing, making this a compelling opportunity for both established and emerging automotive businesses. This turnkey operation presents a rare chance to acquire a well-established business with significant upside potential in a desirable location. The inclusion of the single-family home and vacant lot adds further value and flexibility to this unique offering. This is a multi-tenancy property with a current lease term of 0 years.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1959
Total area 4,608 SF
Lot 0.55 ac (24,045 SF)
Zoning code B2
APN 41-21-01-226-015
UPID US43-1572819

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2025
Last sale
$300,000
4 recorded transactions
2025
$300,000
2015
Price N/A
2010
Price N/A
2001
$245,000

Zoning & alternative use

B2 · Grand Rapids, MI

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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