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(616) 439-1190
Real Estate Company
1007 Wealthy Street SE, Grand Rapids, MI 49506
- $475,000
- List Price
- $475,000
- Days on Market
- 72
- MLS#
- 26043253
- Status
- ACTIVE
- Type
- Commercial
Property Description
Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, ideally located between Electric Cheetah and The Meanwhile Bar. This historic 3,600 SF building offers incredible flexibility and endless possibilities in one of Grand Rapids' most desirable commercial districts. Whether your vision includes retail, restaurant, hospitality, office, residential, or a combination of uses, this property provides a unique opportunity to create something special. The property also includes parking for three vehicles and a rear yard with patio potential. An approved 10-year OPRA tax abatement is already in place, providing a significant financial advantage by freezing the existing taxable value for 10 years. Additional financial incentives may be available, including a $25,000 Uptown Façade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.
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Additional Information
- Taxes
- $6,415
- Acres
- 0.09
- Heating
- None
- Roofing
- Rubber
- School District
- Grand Rapids
- Utilities
- None, Cable Available, Electricity Available, Natural Gas Available, Phone Available
- Water
- Public Water
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Listing courtesy of Listing Agent: Bradley S Veneklase from Listing Office: Urban Soil Realty.
© 2026 Southwestern Michigan Regional Information Center, LLC. All rights reserved. Information deemed reliable but not guaranteed. The properties on this website come in part from the Broker Reciprocity Program of the Member MLSs of the Southwestern Michigan Regional Information Center. Data last updated .