4342 Division Avenue S, Grand Rapids, MI 49548
- $450,000
- 2
- BA
- List Price
- $450,000
- Days on Market
- 61
- MLS#
- 26026131
- Status
- ACTIVE
- Type
- Commercial
- Bathrooms
- 2
- Full-baths
- 2
Property 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!
/u.realgeeks.media/third-coastrealestate/c7eff0a58c97-Third_Coast_PNG_file.png)
Additional Information
- Taxes
- $6,405
- Acres
- 0.17
- Heating
- Forced Air
- School District
- Kelloggsville
- Tenant Pays
- Electricity, Trash Collection, Gas, Sewer, Water
- Utilities
- Electricity Connected, Natural Gas Connected, Electricity Available, Natural Gas Available, Storm Sewer
- Water
- Public Water
Mortgage Calculator
Listing courtesy of Listing Agent: Chad Monroe from Listing Office: Rise Realty Group.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .