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: $1,200,000 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

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

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
IDX
Listing Office: Keller Williams GR East
Listing Agent: Todd Roesler
Source MLS Verified
Last Updated: November - 30 - 2022
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.