Listing provided courtesy of Rise Realty Group- MLS# 26026131
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4342 Division Avenue SGrand Rapids, MI 49548
Commercial · 2 Full Baths · 5,408 Sq. ft. | 0.17 Acres$450,000
Active
4342 Division Avenue S Overview
- Time on Site:
- 29 days
- Visits:
- 0
Investment Opportunity! Fully Leased Multi-Tenant Retail/Commercial! Fully occupied, income-producing commercial property in one of the Grand Rapids metro's highest-traffic retail corridors. Situated on Division Avenue South and 44th Street in Kentwood, this two-unit building benefits from 24,000-40,000 vehicles passing daily -- providing exceptional visibility and a built-in customer base for tenants. Property Highlights: Total Building Size: 5,000 SF Units: 2 -- both fully leased Unit 1: 3,224 SF | $2,000/month | 3% annual increase Unit 2: 2,184 SF | $1,400/month | 3% annual increase Combined Monthly Income: $3,400 | Annual Income: $40,800 Tenant Expense Structure: Gross modified - tenants responsible for all utilities Lease Escalations: Built-in 3% annual increases on both units, providing consistent rent growth and inflation protection Why This Property: With both units occupied and income flowing immediately, this is a true turnkey investment!
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4342 Division Avenue S Facts & Features
- Type Commercial
- Sq. ft. 5,408
- Price/Sq.ft. $83
- Lot 0.17 Acres
Details
General
Building Information
- New Construction: No
- Year Built: 1940
Location/Region
- County Or Parish: Kent
Rent/Lease Information
- Tenant Pays: Electric,Gas,Sewer,Trash,Water
Tax Information
- Tax Annual Amount: 6405.48
General Information
- Parcel Number: 41-18-19-353-002
- Property Sub Type: Retail
- Property Type: Commercial Sale
Interior
Beds/Baths
- Bathrooms Full: 2
- Bathrooms Total: 2
Building Interior
- Building Area Total: 5408.0
General Information
- Stories Total: 1
Exterior
Lot Information
- Lot Size Acres: 0.17
- Lot Size Area: 0.17
- Lot Size Dimensions: IRR
- Lot Size Square Feet: 7231.0
- Lot Size Units: Acres
- Road Surface Type: Paved
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Construction Materials: Brick
General Information
- Number Of Units Total: 2
- Utilities: Natural Gas Available,Electricity Available,Natural Gas Connected,Electricity Connected,Storm Sewer
4342 Division Avenue S Neighborhood
Community
49548 (Grand Rapids) Demographics
33
Median Age
3,173
Population Density (per sq. mile)
24%
College Educated
$50,763
Estimated Median Income
8,406
Estimated Total Home Owners
3,224
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.4342 Division Avenue S Monthly Cost
4342 Division Avenue S Market Data
Based on the last 30 days in this zip code
$232,182
Average List Price
$187
Average Price per Square Foot
26
Properties Sold
35
Average Days on Market
131
Properties for Sale
4342 Division Avenue S History
| Date | Value | Agent |
|---|---|---|
| 6/1/2026Source: MichRIC MLS | June 01, 2026 |