$665,000
MLS# 26006764
1 / 5
Property 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.
Details
Documents
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
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.
This property requires a accepted LOI in order to show.Please do not contact or disrupt tenants.
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: Active
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
218 Division Rent Roll 
Listing Office: Apex Realty Group
Listing Agent: Paul H DeBoer
Last Updated: March - 24 - 2026
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