Stefano Terracciano - Arterra Realty Logo
$450,000
( $83.21Per Sq Foot )
 $2,416 est/mo Sourced by Back At You

4342 Division Avenue,Grand Rapids, MI 49548

Grand Rapids, MI 49548

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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 | 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!

Details

MLS #70535820
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Year1940
Days On Site141
Listing Provided ByRise Realty Group | Chad Monroe

Features

SQ Feet5,408
BasementY
Acreage0.17

Interior

Heating Yes / NoYes
HeatingForced Air

Exterior

Construction MaterialsBlock, Brick, Concrete, Steel Siding
Foundation DetailsBasement

Other

List AorGreater Regional Alliance of REALTORS

Taxes

Property6405

Area Information

StateMI
CountyKent
CityGrand Rapids
Zip Code49548
AreaKentwood (41035)
Listing VS Median (in 49548)
Price:
$450,000
low | high
Med:
$247,500
95% of Average
sqft:
5,408
low | high
Med:
1,272
100% of Average
$ / sqft:
$83
low | high
Med:
$196
86.050850996855% of Average
On site:
141
low | high
Med:
19.5
100% of Average
Sourced by Back At You

Market Activity 49548

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Learn More About This Property

Stefano Terracciano

Stefano Terracciano

Arterra

401581 (248) 925-7129stefano.terracciano@arterrarealty.com
StateMI
CountyKent
CityGrand Rapids
Zip Code49548
AreaKentwood (41035)
Listing VS Median (in 49548)
Price:
$450,000
low | high
Med:
$247,500
95% of Average
sqft:
5,408
low | high
Med:
1,272
100% of Average
$ / sqft:
$83
low | high
Med:
$196
86.050850996855% of Average
On site:
141
low | high
Med:
19.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $337K - $562K
sqft: 4,000 - 6,500
Nearby Listings Property ImageNearby Listings Details
4342 Division Avenue S Property Photo 1
$450,000
4342 Division Avenue S
Grand Rapids, MI 49548
Listing Updated: September 29, 2026 at 6:46:04 AM PDT