, Grand Rapids, MI 49503 (MLS# 26006764)
Grand Rapids, MI 49503
$665,000
Property Type:
Multi Family
Lot Size (sq. ft.):
3,703
Status:
Active
Current Price:
$665,000
List Date:
2/26/2026
Last Modified:
2/26/2026
Overview
Description
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.
Listing Details MLS# 26006764
Location Property Info
- County
- Kent
- State
- MI
- Zip Code
- 49503
General Property Info
- Lot Measurement
- Square Feet
- Lot Square Footage
- 3703
- Lot Acres
- 0.09
- Lot Dimensions
- 50x48
- Year Built
- 1900
- New Construction
- No
- Financial Available
- Yes
- Financial Comments
- See Documents for Rent roll and P&L
- Cert of Compliance
- Yes
- Road Frontage
- 50
- Total # Units
- 4
- # of Diff Unit Floor Plans
- 2
- Total # Bldgs
- Yes
- Total Parking Spaces
- 4
- Waterfront
- No
- School District
- Grand Rapids
- Basement
- Yes
Tax Info
- Taxable Value
- 127991
- SEV
- 195500
- For Tax Year
- 2025
- Seller's Annual Property Tax
- 7058.41
- Tax Year
- 2025
- Zoning
- C07
- Homestead %
- 0
- Spec Assessment & Ty
- No
Remarks Misc
- Directions
- Take Cherry south to Division turn east on Division property has a blue garage door.
Access Feat
- Accessibility Features
- No
More Information
Terms Available
- Land Contract Down Payment
- 50
- Cash
- Yes
- Conventional
- Yes
- Tax Def Exchange
- Yes
Unit 1
- Unit #
- Yes
- Unit Description
- 220 Division
- SqFt
- 800
- Occupied
- Yes
- Monthly Rent
- 1400
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 2
- Unit #
- 2
- Unit Description
- 218 Division
- SqFt
- 1300
- Occupied
- Yes
- Monthly Rent
- 1200
- Bathrooms
- Yes
- Full Baths
- Yes
Unit 3
- Unit #
- 3
- Unit Description
- Garage
- SqFt
- 1400
- Occupied
- Yes
- Monthly Rent
- 1150
- Bathrooms
- Yes
- Full Baths
- Yes
- Garage
- Yes
Unit 4
- Unit #
- 4
- Unit Description
- Office
- SqFt
- 750
- Occupied
- Yes
- Monthly Rent
- 1175
- Bathrooms
- 2
- Full Baths
- 2
Location & Property Info
- Cross Streets
- Cherry and Division
- Property Sub-Type
- 2 to 4 Units
- Municipality
- City of Grand Rapids
- Ownership Type
- Private Owned
Office/Contract Info
- On-Market Date
- 2026-02-26
- Auction or For Sale
- For Sale
Remarks & Misc
- Public Remarks
- 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.
Lot Description
- Sidewalk
- Yes
Util Avail at Street
- High Speed Internet
- Yes
- Public Sewer
- Yes
- Public Water
- Yes
Utilities Attached
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Laundry Features
- Common Area
- Yes
Exterior Material
- Brick
- Yes
Roofing
- Rubber
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
- Mini-Split
- Yes
Air Conditioning
- Central Air
- Yes
Tenant Pays
- Electric
- Yes
- Gas
- Yes
- Trash
- Yes
Substructure
- Michigan Basement
- Yes
Owner Pays
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Laundry Features:
Common Area
Exterior Material:
Brick
Roofing:
Rubber
Substructure:
Michigan Basement
Lot Description:
Sidewalk
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Electricity Connected; Natural Gas Connected
Util Avail at Street:
High Speed Internet; Public Sewer; Public Water
Owner Pays:
Water
Tenant Pays:
Electric; Gas; Trash
Heat Source:
Natural Gas
Heat Type:
Forced Air; Mini-Split
Air Conditioning:
Central Air
Terms Available:
Cash; Conventional; Tax Def Exchange
Possession:
Close Of Escrow
Sale Conditions:
None
Unit 3:
Garage
Documents
218 Division Rent Roll ›
Listing Office:
Apex Realty Group
Listing Agent:
Paul H DeBoer
Last Updated: February - 26 - 2026
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