4342 Division Avenue S Grand Rapids, MI 49548
Retail
MLS #: 26026131
Courtesy Of Rise Realty Group
1713 4 Mile Road NE, Grand Rapids, MI
1713 4 Mile Road NE, Grand Rapids, MI
Property InformationDescription
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!
Features
- Age: Over 50 Years Old
- Building Units: 2
- Exterior Type: Brick
- Floors: 1
- Heating System: Forced Air
- Legal Description: LOT 275 * HOME ACRES
- MLSID: 26026131
- Rooms: Bathroom 2
- Rooms: Basement
- Rooms: Bathroom 1
MAP & DIRECTIONS
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