For Sale
4342 Division Avenue S, Grand Rapids, MI 49548
$450,000
MLS # 26026131 (Michigan Regional Information Center (MichRIC))
2 bathsBuilt 19400.17 acres
1 / 6
Listing 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!
Source: SparkMLS
About this home
2-bath home in Kentwood in Grand Rapids built in 1940.
Listed at $450,000.
Estimated annual property tax: $6,405, or about $534 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeCommercial Sale
Property SubtypeRetail
Bathrooms2
Lot Size0.17 acres
Year Built1940
Location
CityGrand Rapids
MunicipalityCity of Kentwood
Zip Code49548
CountyKent
School DistrictKelloggsville
Construction & Systems
ConstructionBrick
HeatingForced Air
UtilitiesNatural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected, Storm Sewer
Sale & Financing
Listed5/31/2026
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$6,405
Tax Year2025
State Equalized Value$196,300
Taxable Value$108,568
Assessed Value$105,714
Parcel #411819353002
Source: Public Records
Legal Description
LOT 275 * HOME ACRES
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Chad Monroe
Rise Realty Group
Frequently Asked Questions about 4342 Division Avenue S, Grand Rapids, MI 49548
What school district is 4342 Division Avenue S, Grand Rapids, MI 49548 in?
Per MLS# 26026131, this property is served by Kelloggsville. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 4342 Division Avenue S, Grand Rapids, MI 49548?
Per MLS# 26026131, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26026131, the most recent reported annual property tax for 4342 Division Avenue S, Grand Rapids, MI 49548 is $6,405 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 4342 Division Avenue S, Grand Rapids, MI 49548 eligible for USDA financing?
Per USDA Rural Development boundary data, 4342 Division Avenue S, Grand Rapids, MI 49548 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 4342 Division Avenue S, Grand Rapids, MI 49548 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the City of Kentwood police department or the Kent County sheriff's office.
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Monthly payment$2,919
Principal & interest$2,919
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4342 Division Avenue S, Grand Rapids, MI 49548
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Municipality
Kentwood
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