738 Wealthy Street new Save Request In-Person Tour Request Virtual Tour
Grand Rapids,MI 49503
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 4,644 sqft
Price per Sqft $404
Subdivision Mi
MLS Listing ID 70490063
Year Built 1900
Annual Tax Amount $13,698
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Lot Dimensions x
Property Sub-Type Commercial/Industrial
Property Description
Positioned at one of East Hills' most visible corners, this property blends stable income with built-in upside. The upstairs space is fully leased, while the main floor retail offers 1,900 SF under a sale-leaseback with the current operator, ensuring immediate cash flow and a smooth transition for new ownership.Anchoring the corner of Wealthy and Charles, the site also includes a newly branded lot ~ Picnic on Wealthy ~ recently approved for up to three food trucks, adding a vibrant community draw and additional revenue potential. With leased residential, income-producing retail, and a high-profile activation corner, this is a complete package ready to deliver returns from day one.Recent improvements include new vinyl siding, updated HVAC, and separately metered utilities. Zoning allows for up to four stories, with historic protection on 738 Wealthy requiring approval for expansion, while 734 Wealthy has no restrictions.
Location
State MI
County Kent
Area Grand Rapids (41032)
Interior
Heating Forced Air
Building
Foundation Basement
Structure Type Block,Brick
Others
Energy Description Natural Gas
Financing Cash,Conventional