218-222 S Division Ave - Storefront Retail/Residential FOR SALE


Grand Rapids, MI 49503- Downtown Grand Rapids
$665,000 USD
616-566-9031
218-222 S Division Ave, Grand Rapids, MI for Sale
$665,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 6.23% Cap Rate

218-222 S Division Ave
Grand Rapids, MI 49503
Downtown Grand Rapids


OVERVIEW

Exceptional mixed-use investment opportunity in the heart of Grand Rapids! Located on the vibrant South Division Avenue corridor, this property offers two spacious apartments and two leased commercial spaces, delivering immediate, diversified cash flow with established tenants already in place. Street-level commercial units benefit from high visibility and strong foot traffic, while the generously sized residential units attract quality long-term tenants. Whether you're expanding your portfolio or seeking an owner-occupy opportunity, this property delivers prime urban positioning amid the continued growth and revitalization of downtown Grand Rapids. Don't miss your chance to own a piece of one of Michigan's most dynamic real estate markets! Opportunity to bump rents and make improvements to commercial spaces as well. This property requires a accepted LOI in order to show. Please do not contact or disrupt tenants. Agent Only Remarks: buyers agent to verify all information. An executed LOI is required in order to show the listing.

FOR SALE DETAILS

PRICE

$665,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Division Ave. and Wealthy Street

LAND ACRES

0.08 AC

LAND SF

3,622 SF

ZONING

R3

APN/PARCEL ID

41-14-30-351-002

ASK ABOUT THIS PROPERTY

Paul DeBoerApex Realty GroupMore Info
616-566-9031

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Paul DeBoerApex Realty GroupMore Info
616-566-9031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.