4342 Division Avenue S, Grand Rapids, MI 49548
- Schools Kelloggsville
- County Kent
- Township City of Kentwood
- Above Grade Sq. Ft.
- Below Grade Sq. Ft.
- Bedrooms
- Bathrooms 2 (F)
- Basement
- Garage
- Acreage 0.17
- Heat Type Forced Air
- Central Air
- Year Built 1940
- Style
- Exterior
- Taxes
- SEV 196300
- Zoning FBC
- Parcel 41-18-19-353-002
- Lot Size IRR
Features
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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