4342 Division Avenue S, Grand Rapids, Michigan
$450,000
2
Baths
0.17
Acres
About 4342 Division Avenue S
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 \ Unit 2: 2,184 SF \ $1,400/month \ Combined Monthly Income: $3,400 \ Annual Income: $40,800 Tenant Expense Structure: Gross modified - tenants responsible for all utilities Why This Property: With both units occupied and income flowing immediately, this is a true turnkey investment!
Features of 4342 Division Avenue S
| MLS® # | 65026026131 |
|---|---|
| Price | $450,000 |
| Bathrooms | 2.00 |
| Acres | 0.17 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 4342 Division Avenue S |
|---|---|
| Area | 41181 - Kentwood |
| City | Grand Rapids |
| County | Kent |
| State | Michigan |
| Zip Code | 49548 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| Parking | Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Fireplace | No |
Exterior
| Construction | Block, Brick, Concrete, Steel Siding |
|---|---|
| Foundation | Basement |
School Information
| District | Kelloggsville |
|---|
Additional Information
| Foreclosure | No |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Rise Realty Group |
|---|---|
| Contact Info | realchadmonroe@gmail.com |