750 Wealthy Street SE

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30347431
Property Subtypes: Mixed Use, Street Retail
Building Size (RSF): 3,961 SF
Gross Land Area: 0.15 Acres
Sale Price: $940,000
Unit Price: $237.31 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Kitchen Design Studio
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/11/2019

Overview / Comments

This rare opportunity for sale is situated along a robust and thriving Wealthy Street corridor. Beautiful wood-frame and brick exterior with excellent window frontage, high-vaulted ceilings, cemented basement for storage and on-site parking in the back. The space also has approx. 459 SF of loft space in the back, fully furnished with shower and kitchen. Perfect for the live/work opportunity. Additionally, new owners are provided with rental income, with approx. 1,590 SF available for lease or future expansion of business. Perfect for restaurants, coffee shops, delis, bars, street retail, office users, mixed-use development and many more. There is on-street parking and free city parking lots available. Join the growing demand of retailers along Wealthy Street including The Winchester, JR Salon, Elk Brewery, La Fleur and Woosah Outfitters to name a few.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-31-229-005
Zoning: TN-TBA
Largest Nearby Street: Eastern
Traffic/Vehicle Count: 13,274
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Year Built: 1925
Year Renovated: 2015
Construction/Siding: Concrete, Wood Frame
Exterior Description: Brick, stone and wood
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,264 158,026 290,812
Median Age: 28.66 31.07 33.57
Households: 12,487 58,796 112,188


Photograph of Listing Agent

Joe Rizqallah

Signature Associates
CARWM Member
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