Commercial Real Estate

First and foremost, I would like to address the Division Avenue Business Association and a special thanks to their President Tommy Brann- without their tiresome work Division Avenue would not be rebounded as significantly as it is.  Please visit their website for further information on membership and business opportunities at http://www.d-a-b-a.org

4044 Division Avenue is truly an amazing “before and after” story- what was once a forgotten vacancy seemed to be transformed overnight into one of Grand Rapids most esteemed custom paint and motorcycle shops- D.C. Customs.  Take a look at some of their creations here: http://dc-customsgr.com

Truly, the fastest closing Chip and I have ever been a part of (offer was signed and closed within 36hrs) D.C. Customs redefines the term haste.  Closed at the end of November and operational within just a couple of months, this business is truly a diamond in the rough and a beacon of light for other aspiring small business owners to follow.  Don’t believe me? Well, check out these before and after photos.

4044 Division Before

4044 Division After

Not yet satisfied, a deserted residential parcel located directly behind the shop (that was included in the sale & scheduled for demolition) is in the process of being built into a custom-bike-themed coffee shop with a lower level tattoo parlor!  Check out the photo below for an update on building progress as of last week!

In closing, if you are looking for a custom paint job (not just limited to bikes) or are in the market for a motorcycle purchase- you have to visit D.C. Customs first!  Stop in and ask for Dave- tell him Greg and Chip sent you.

As always, to our dedicated blog following and those just discovering us, feel free to follow Chip and me on Twitter for real-time industry updates and news:

@GregoryMahalick & @ChipLaFleur

Also, make sure you fan our page on Facebook!

Thanks again for visiting www.cregr.com and if you are conducting business in the Division Ave market place make sure to check out the Division Avenue Business Association ( http://www.d-a-b-a.org )

2130 Enterprise offers numerous benefits to future tenants.  This class B office is situated off of 44^th St in Kentwood, Michigan, with great proximity to expressways.  As flexible as needed, this building offers 13,500 SF (2 levels) and can be demised to any need!  Most importantly, rates are among the most aggressive in the county ($2 to $5 a SF)!  We have motivated owners here and they are ready to put together a deal!  If you are currently thinking about starting a business, moving your existing business, have too much or too little square footage- call and schedule your showing today.

Additional Building Specifics:

• Gross Size:                  13,500 SF
• Units:                            4
• Total Acres:               0.96
• Sewer/Water:            Public/Public
• Heat:                             Gas/Forced Air
• Parking:                       Ample
• Estimated NNN’s:    $3.00 per SF

2131 Enterprise Marketing Package

Chip LaFleur

Great to see some local municipalities taking initiative to get the real estate market moving!

The City of Kentwood has received a $200,000 EPA Brownfield Assessment Grant for Hazardous Substances.  The city can complete the following activities on eligible brownfield sites:

• Phase 1 and 2 Assessments
• Environmental Site Assessments (ESAs)
• Asbestos and Lead-based paint surveys
• Baseline Environmental Assessments
• Due Care evaluations/site reuse planning
• Brownfield Redevelopment planning and marketing

A business or property owner can request that the city undertake the assessments and other activities on their behalf.

Eligible sites are:

• Properties that are in the city of Kentwood and are contaminated or suspected of being contaminated by hazardous substances
• Properties that meet the eligibility criteria of the city
• Sites that meet the EPA eligibility requirements

Priority sites are:

• In a targeted area where there is a desire to encourage redevelopment, such as the Division Avenue corridor,  and older industrial areas, such as 32^nd Street
• Sites with high redevelopment potential
• Sites that present an imminent danger to human health
• Sites that will result in additional capital investment, create jobs, and retain existing jobs

Eligibility Criteria:

• An eligible site must be a suspected brownfield site
• Parties that are potentially liable for the contamination are not eligible to use the funds
• Proposed projects need to demonstrate the potential for capital investment and/or create retain jobs

The City of Grand Rapids, the City of Wyoming and the City of Kentwood have all received EPA Assessment grants, and have guidelines for use that are similar in each community.  For more information on Brownfield Redevelopment just give me a call or drop an email to clafleur@ccmichigan.com!

Three separate parcels along South Division in Kentwood and Wyoming are currently on the market for the lowest prices in decades.  The largest parcel is 11 acres on the East side of South Division, directly across from Silver Bullet Firearms & Training Center.  Currently being utilized as a driving range, this large parcel is zoned commercial and would make an ideal large retail pad.

Just south of 54th Street, at 5505 S. Division, a 5.61 acre vacant parcel is listed for $300,000.00; again, the lowest price on this piece of property in ages.

Right on the corner of Division and 60th Street is a 2.63 acre parcel that currently houses two small businesses in a building on the south west corner of the property.  Most of the parcel is paved, and is currently used as a “for sale by owner” auto dealership.  This parcel has access from both Division and 60th Street, and outstanding visibility.

If you have any questions about any of these properties, please feel free to give Greg Mahalick or Chip LaFleur a call at (616) 459-8000, or drop us an email!