Grand Rapids, MI 49503

New Listing
$665,000
Property Type: Multi Family Lot Size (sq. ft.): 3,703 Status: Coming Soon
Current Price: $665,000 List Date: 2/24/2026 Last Modified: 2/25/2026

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.

More Information MLS# 26006764

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: 2026-02-28 Auction or For Sale: For Sale

General Property Info

New Construction: No Lot Dimensions: 50x48 Financial Available: Yes Financial Comments: See Documents for Rent roll and P&L Road Frontage: 50 Cert of Compliance: Yes Waterfront: No Basement: Yes Total # Units: 4 # of Diff Unit Floor Plans: 2 Total # Bldgs: 1 Total Parking Spaces: 4 School District: Grand Rapids Lot Measurement: Square Feet Lot Square Footage: 3703 Lot Acres: 0.09 Year Built: 1900

Tax Info

Taxable Value: 127991 SEV: 195500 For Tax Year: 2025 Seller's Annual Property Tax: 7058.41 Tax Year: 2025 Homestead %: 0 Spec Assessment & Ty: 0 Zoning: C07

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.

Lot Description

Sidewalk: 1

Util Avail at Street

High Speed Internet: 1 Public Sewer: 1 Public Water: 1

Utilities Attached

Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Terms Available

Cash: 1 Conventional: 1 Land Contract Down Payment: 50 Tax Def Exchange: 1

Laundry Features

Common Area: 1

Exterior Material

Brick: 1

Roofing

Rubber: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Heat Type

Forced Air: 1 Mini-Split: 1

Air Conditioning

Central Air: 1

Access Feat

Accessibility Features: No

Tenant Pays

Electric: 1 Gas: 1 Trash: 1

Substructure

Michigan Basement: 1

Owner Pays

Water: 1

Unit 1

Unit #: 1 Unit Description: 220 Division SqFt: 800 Occupied: Yes Monthly Rent: 1400 Bedrooms: 2 Bathrooms: 1 Full Baths: 1

Unit 2

Unit #: 2 Unit Description: 218 Division SqFt: 1300 Occupied: Yes Monthly Rent: 1200 Bedrooms: 1 Bathrooms: 1 Full Baths: 1

Unit 3

Unit #: 3 Unit Description: Garage SqFt: 1400 Occupied: Yes Monthly Rent: 1150 Bathrooms: 1 Full Baths: 1 Garage: 1

Unit 4

Unit #: 4 Unit Description: Office SqFt: 750 Occupied: Yes Monthly Rent: 1175 Bathrooms: 2 Full Baths: 2

Possession

Close Of Escrow: 1

Location Property Info

County: Kent State: MI Zip Code: 49503

OfficeContract Info

Status: Coming Soon Current Price: $665,000 List Price: $665,000 Listing Date: 2026-02-24

Remarks Misc

Directions: Take Cherry south to Division turn east on Division property has a blue garage door.

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

Listing Office: Apex Realty Group
Listing Agent: Paul H DeBoer
IDX
Last Updated: February - 25 - 2026
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