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33306779
33250348

4342 Division Avenue S, Grand Rapids, MI 49548

CM
MI 6501450578
Colburn Commercial Properties
Listed by Colburn Commercial Properties
$450,000
4 days on market
Updated 1 day ago

4342 Division Avenue S

Details
APN 41-18-19-353-002
Property Type Retail, Office (+1)
Sub Type Storefront, Executive Office (+4)
Square Footage 5,408
Units 2
Year Built 1940
Buildings 1
Acreage 0.170

Retail | 5,408 SqFt

Marketing description

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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Listing Contacts

CM
MI 6501450578
Colburn Commercial Properties
Listed by Colburn Commercial Properties

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Additional Information

Name
Chad Monroe
License
6501450578
Brokerage
Colburn Commercial Properties
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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