Property Type:
Commercial Sale
Square Footage:
3,600
Lot Size (sq. ft.):
4,000
Status:
Active
Current Price:
$475,000
List Date:
8/17/2026
Last Modified:
8/17/2026
1007 Wealthy Street SE, Grand Rapids, MI 49506
New Listing
$475,000
Overview
Description
Listing Details MLS# 26043253
Location Property Info
- County
- Kent
- Street #
- 1007
- Street Name
- Wealthy
- Suffix
- Street
- Post Direction
- SE
- State
- MI
- Zip Code
- 49506
- Zip (4)
- 1516
General Property Info
- New Construction
- No
- Lot Measurement
- Acres
- Lot Acres
- 0.09
- Lot Square Footage
- 4000
- Lot Dimensions
- 40 X 100
- Year Built
- 1884
- Road Frontage
- 40
- Total # Units
- 2
- # Fin Bldg Lvls
- 3600
- Total # Bldgs
- Yes
- Total SqFt
- 3600
- Property Use Type
- Vacant/Owner-User
- Waterfront
- No
- School District
- Grand Rapids
Tax Info
- Tax ID #
- 41-14-29-379-021
- Taxable Value
- 164378
- SEV
- 230000
- For Tax Year
- 2026
- Seller's Annual Property Tax
- 6415
- Tax Year
- 2026
- Spec Assessment & Type
- none
- Zoning
- TBA TN
- Homestead %
- 0
Location & Property Info
- Cross Streets
- Diamond Ave
- Property Sub-Type
- Retail
- Municipality
- City of Grand Rapids
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 131.94
- Prop Avail for Lease?
- No
- Current Bldg Use
- Vacant
More Information
Remarks & Misc
- Public Remarks
- 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.
- Legal
- LOT 1683* STEINMANN S ASSESSOR S PLAT NO 58
Utilities Attached
- None
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Uses
- Bar/Tavern/Lounge
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
Construction Type
- Pole/Wood
- Yes
Exterior Material
- Wood Siding
- Yes
Roofing
- Rubber
- Yes
Heat Source
- None
- Yes
Sale Conditions
- None
- Yes
Below Grade
- Basement
- Yes
Heat Type
- None
- Yes
Business Includes
- Real Estate
- Yes
Util Avail at St
- Cable Available
- Yes
- Electricity Available
- Yes
- High Speed Internet
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
Driveway
- Gravel
- Yes
Purchase Terms Avail
- Cash
- Yes
- Land Contract
- Yes
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Property Features
Uses:
Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Business Includes:
Real Estate
Construction Type:
Pole/Wood
Exterior Material:
Wood Siding
Roofing:
Rubber
Below Grade:
Basement
Sewer:
Public Sewer
Water:
Public Water
Utilities Attached:
None
Util Avail at St:
Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source:
None
Heat Type:
None
Driveway:
Gravel
Purchase Terms Avail:
Cash; Land Contract; Other
Sale Conditions:
None
Possession:
Close Of Escrow
Documents
Flyer ›
Listing Office:
Urban Soil Realty
Listing Agent:
Bradley S Veneklase
Last Updated: August - 17 - 2026
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