1007 Wealthy SE Street, Grand Rapids, MI 49506
$475,000
Est. payment /mo
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3,600 SqFt
Active

1007 Wealthy SE Street Grand Rapids, MI 49506

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Marilyn Hazard

Marilyn Hazard

+1(616) 299-9944

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $131

Municipality City of Grand Rapids

MLS Listing ID 26043253

Year Built 1884

Annual Tax Amount $6,415

Tax Year 2026

Lot Size 4,000 Sqft

Acres 0.09

Lot Dimensions 40 X 100

Property Sub-Type Retail

Source Michigan Regional Information Center (MichRIC)

Property Description

Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, between Electric Cheetah and The Meanwhile Bar. This historic mixed-use building is construction-ready with Historic Preservation Commission approval, completed permit drawings and established construction pricing. Approved plans include four one-bedroom apartments with in-unit laundry and approximately 1,800 SF of main-floor white-box commercial space with two restrooms. Suitable for retail, hospitality, restaurant or office use. The property includes parking for three vehicles and a rear yard with patio potential. Incentives include a 10-year OPRA tax abatement, $25,000 Uptown façade grant, $226,983 Revitalization and Placemaking grant, and potential 20% federal and 5% Michigan historic tax credits. Projected ROI is 8.4%. Land-contract terms are available. All information, projections, plans and incentives are estimates and subject to buyer verification, program requirements and agency approval.

Location

State MI

County Kent

Interior

Interior Features Broadband

Heating None

Inclusions Real Estate

Exterior

Utilities Available Phone Available, Natural Gas Available, Electricity Available, Cable Available, None

View Y/N No

Roof Type Rubber

Building

Structure Type Wood Siding

New Construction No

Schools

School District Grand Rapids

Others

Tax ID 41-14-29-379-021

Acceptable Financing Contract, Cash

Listing Terms Contract, Cash

Listed by Urban Soil Realty

Nearby Locations

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Marilyn Hazard

Marilyn Hazard

Broker Associate License ID: 65-06045056

+1(616) 299-9944

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1007 Wealthy SE Street