1007 Wealthy ST SE, City Of Grand Rapids, MI 49506
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Jessica A Wilson

Jessica A Wilson

+1(313) 399-5605
$ 475,000
Est. payment | /mo

3,600 SqFt

Save
$ 475,000
Est. payment | /mo
Save

3,600 SqFt

Key Details

Property Type Commercial

Sub Type BusinessandRealEstate

Listing Status Active

Purchase Type For Sale

Square Footage 3,600 sqft

Price per Sqft $131

MLS Listing ID 65026043253

Year Built 1884

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type BusinessandRealEstate

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 facade 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

Area Area41142Grandrapids

Rooms

Basement Common Storage Locker

Interior

Heating None

Fireplace No

Exterior

Parking Features Gravel

Utilities Available PhoneAvailable

View Y/N No

Roof Type Rubber

Building

Foundation Basement

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Grand Rapids

Others

Acceptable Financing Cash, Contract

Listing Terms Cash, Contract

Realcomp MLS
©2026 Realcomp II Ltd. Shareholders
Listed by Bradley S Veneklase of Urban Soil Realty

Schools and Properties Nearby

Jessica A Wilson

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(313) 399-5605

jannewilsonrealtor@gmail.com

6838 Park Ave, Allen Park, MI 48101-2036, USA

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1007 Wealthy ST SE