2184 Wealthy Street SE, Grand Rapids, MI 49506 (MLS# 21008912)
2184 Wealthy Street SE, Grand Rapids, MI 49506
$1,200,000
Property Type:
Commercial Sale
Square Footage:
4,151
Lot Size (sq. ft.):
4,400
Status:
Sold
Current Price:
$1,500,000
List Date:
3/22/2021
Last Modified:
11/30/2022
Overview
Description
This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location.
Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy.
Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.
Listing Details MLS# 21008912
Location Property Info
- County
- Kent
- Street #
- 2184
- Street Name
- Wealthy
- Suffix
- Street
- Post Direction
- SE
- State
- MI
- Zip Code
- 49506
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.1
- Lot Square Footage
- 4400
- Lot Dimensions
- 40x106
- Year Built
- 1953
- Road Frontage
- 105
- Mineral Rights
- No
- Year Remodeled
- 2017
- Total # Units
- 5
- # Fin Bldg Lvls
- 2
- Total # Bldgs
- Yes
- Total SqFt
- 4151
- Property Use Type
- Net Leased (nnn)
- Full Baths
- 5
- Waterfront
- No
- School District
- East Grand Rapids
Tax Info
- Tax ID #
- 41-14-33-253-006
- Taxable Value
- 233426
- SEV
- 287200
- For Tax Year
- 2020
- Seller's Annual Property Tax
- 15346
- Tax Year
- 2020
- Spec Assessment & Type
- No
- Non-Conforming Use
- No
- Zoning
- C-1
- Homestead %
- 0
Remarks Misc
- Directions
- LAKE DR TO WEALTHY, W TO BUILDING. Breton to Wealthy St East.
Status Change Info
- Under Contract Date
- 2021-10-28
- Sold Date
- 2021-11-30
- Sold Price/SqFt
- 289.09
More Information
Additional Details
- Total Parking Spaces
- 5
Waterfront Options
- Water Access Y/N
- No
Location & Property Info
- Cross Streets
- Wealthy St SE & Lake Dr SE
- Property Sub-Type
- Retail
- Area
- Grand Rapids - G
- Municipality
- East Grand Rapids
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 361.36
- Prop Avail for Lease?
- No
Remarks & Misc
- Legal
- E 40' of N 106' of Lot #2 * Parley H Brown Sub.
Property Use
- Net Leased (nnn)
- Yes
Utilities Attached
- Natural Gas Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Frame/Wood
- Yes
Exterior Material
- Brick
- Yes
- Vinyl Siding
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Business Includes
- Real Estate
- Yes
Util Avail at St
- Cable Available
- Yes
- Natural Gas Available
- Yes
Purchase Terms Avail
- Cash
- Yes
- Other
- Yes
Possession
- Negotiable
- Yes
Property Features
Property Use:
Net Leased (nnn)
Uses:
Professional/Office; Restaurant; Retail
Business Includes:
Real Estate
Construction Type:
Frame/Wood
Exterior Material:
Brick; Vinyl Siding
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
Natural Gas Connected
Util Avail at St:
Cable Available; Natural Gas Available
Heat Source:
Natural Gas
Heat Type:
Forced Air
Purchase Terms Avail:
Cash; Other
Sale Conditions:
None
Possession:
Negotiable
Listing Office:
Keller Williams GR East
Listing Agent:
Todd Roesler
Last Updated: November - 30 - 2022
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