$ 450,000
-
$450,000
Price -
0
Bed -
0
Bath -
5,408
SqFt
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About the Listing 113868 - MR835195
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 SFUnits: 2 -- both fully leasedUnit 1: 3,224 SF | $2,000/month | 3% annual increaseUnit 2: 2,184 SF | $1,400/month | 3% annual increaseCombined Monthly Income: $3,400 | Annual Income: $40,800Tenant Expense Structure: Gross modified - tenants responsible for all utilitiesLease Escalations: Built-in 3% annual increases on both units, providing consistent rent growth and inflation protectionWhy This Property:With both units occupied and income flowing immediately, this is a true turnkey investment!
Listing Highlights
Status
Active
Days on Site
16
Property Type
Commercial Sale
MLS ®
70535820
Year Built
1940
Total Square Footage
5,408
Lot/Acreage
0.17
County
Kent
Area
Kentwood (41035)
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 5408
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: IRR
- Roof:
- Others:
- Sewer: Storm
Financial Details
- Tax Amount: $6,405
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
4342 Division Grand Rapids, MI 49548
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