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About This Home
This 0-bedroom, 2-bathroom commercial at 4342 Division Avenue S in Grand Rapids, MI is listed for $450,000 ($83 per sqft). Built in 1940, the home offers 5,408 sqft of living space on a 0.17 acres lot.
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!
Key Features
- Built in 1940
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$2,407/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
4342 Division Avenue S
Grand Rapids, MI 49548
Property Details
Construction
Heating
Questions & Answers
This 0-bedroom, 2-bathroom commercial at 4342 Division Avenue S is listed at $450,000 ($83/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1940, 0.17 acre lot.
This property is listed by Chad Monroe and can be reached at 6164394653 or realchadmonroe@gmail.com.
