UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,408 sqft
Price per Sqft $83
Municipality City of Kentwood
MLS Listing ID 26026131
Full Baths 2
Year Built 1940
Annual Tax Amount $6,405
Tax Year 2025
Lot Size 7,231 Sqft
Acres 0.17
Lot Dimensions IRR
Property Sub-Type Retail
Source Michigan Regional Information Center (MichRIC)
Property Description
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!
Location
State MI
County Kent
Direction 44th St to N on Division, building is on the right.
Interior
Heating Forced Air
Inclusions Non-Applicable
Exterior
Utilities Available Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Storm Sewer
View Y/N No
Street Surface Paved
Building
Structure Type Brick
New Construction No
Schools
School District Kelloggsville
Others
Tax ID 41-18-19-353-002
Acceptable Financing Conventional, Cash
Listing Terms Conventional, Cash
Nearby School & Business
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