218-222 S Division Ave | Grand Rapids, MI 49503
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218-222 S Division Ave
Grand Rapids, MI 49503
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,800 SF
Building Class
C
Year Built
1900
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.22
Lot Size
0.09 AC
Zoning
R3
Frontage
Amenities
- Bus Line
- Air Conditioning
About 218-222 S DIVISION AVE , GRAND RAPIDS, MI 49503
Hard to find downtown Grand Rapids mixed use property. Two floors, two apartments and a main floor retail suite. Leases are short term at or below market value creating upside potential. New roof, tuck pointing, and apartment remodel in 2018, potential to go vertical has not been explored by seller. 2019 NOI projects at $39,000 as the remodel on one of the apartments will be completed February 2019.
Property Taxes
| Parcel Number | 41-20-02-437-002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $16,700 |
Property Taxes
Parcel Number
41-20-02-437-002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$16,700
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