1007 Wealthy Street Se, Grand Rapids, MI

Name: 1007 Wealthy Street Se, For Sale in Grand Rapids - Zoocasa
Brand: Urban Soil Realty
SKU: 26043253
Price: 475000 USD

House

For Sale

Listed price in listed location currency (USD).

$475,000

000

MLS® 26043253

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes $6,415

Days Active 1

Lot Size 0.0918 Acres

Approx. Age 1884

MLS® Number 26043253

Property Address: 1007 Wealthy Street Se, Grand Rapids, MI, 49506

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number26043253

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1884

Basement

Driveway

Garage Spaces

HeatNone

A/C

Extras

Real Estate

Map

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