Property summary
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
VerifiedCap rate & NOI
Current use
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Car Dealership
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
B2 · Grand Rapids, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for B2 in Grand Rapids, MI.
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