$450,000
Grand Rapids, MI 49548
MLS# 26026131
5408 sqft
1 / 4
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!
Details
Location & Property Info
Cross Streets: 44th St
Property Sub-Type: Retail
Municipality: City of Kentwood
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 83.21
Prop Avail for Lease?: No
General Property Info
New Construction: No
Lot Dimensions: IRR
Road Frontage: 0
Waterfront: No
Total # Units: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 1
Total SqFt: 5408
School District: Kelloggsville
Lot Measurement: Acres
Lot Acres: 0.17
Lot Square Footage: 7231
Year Built: 1940
Full Baths: 2
Tax Info
Taxable Value: 105714
SEV: 196300
For Tax Year: 2025
Seller's Annual Property Tax: 6405.48
Tax Year: 2025
Homestead %: 0
Spec Assessment & Type: NA
Zoning: FBC
Tax ID #: 41-18-19-353-002
Remarks & Misc
Public Remarks: 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!
Legal: LOT 275 * HOME ACRES
Street Type
Paved: 1
Public: 1
Utilities Attached
Electricity Connected: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Storage: 1
Other: 1
Construction Type
Block: 1
Concrete: 1
Steel: 1
Exterior Material
Brick: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Below Grade
Basement: 1
Heat Type
Forced Air: 1
Business Includes
Non-Applicable: 1
Util Avail at St
Electricity Available: 1
Natural Gas Available: 1
Storm Sewer: 1
Tenant Pays All
Electric: 1
Gas: 1
Sewer: 1
Trash: 1
Water: 1
Driveway
Paved: 1
Purchase Terms Avail
Cash: 1
Conventional: 1
Unit 1
Unit Description: 1
SqFt: 3224
Rent $/Month: 2000
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Unit 2
Unit Description: 2
SqFt: 2184
Rent $/Month: 1400
Tenant Pays Electric: 1
Tenant Pays Gas: 1
Tenant Pays Other: 1
Tenant Pays Sewer: 1
Tenant Pays Trash: 1
Tenant Pays Water: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 4342
Street Name: Division
Suffix: Avenue
Post Direction: S
State: MI
Zip Code: 49548
Zip (4): 3366
OfficeContract Info
Status: Active
Current Price: $450,000
List Price: $450,000
Listing Date: 2026-05-27
Remarks Misc
Directions: 44th St to N on Division, building is on the right.
Property Features
Uses: Professional Service; Professional/Office; Restaurant; Retail; Storage; Other
Business Includes: Non-Applicable
Construction Type: Block; Concrete; Steel
Exterior Material: Brick
Below Grade: Basement
Tenant Pays All: Electric; Gas; Sewer; Trash; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Electricity Connected; Natural Gas Connected
Util Avail at St: Electricity Available; Natural Gas Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Forced Air
Driveway: Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Sale Conditions: None
Unit 1: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Unit 2: Tenant Pays Electric; Tenant Pays Gas; Tenant Pays Other; Tenant Pays Sewer; Tenant Pays Trash; Tenant Pays Water
Possession: Close Of Escrow
Listing Office: Rise Realty Group
Listing Agent: Chad Monroe
Last Updated: June - 03 - 2026
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