1035 Wealthy Street SE, Grand Rapids, MI 49506
$5,800,000.00 - Sold
- MLS#: 25012190
- Total Bldgs: 2
- Fin Bldg Lvls: 2
- Type: Retail
- School District: Grand Rapids
- County: Kent
- Taxing Authority: City of Grand Rapids
- Year Built: 1900
- Year Remodeled:
- Below Grade:
- Exterior:
- Driveway:
- Parking: 0
- Air:
- Bldg Sq Ft: 0
- Office Sq Ft: 0
- Retail Sq Ft: 0
- Warehouse Sq Ft: 0
- Other Sq Ft: 0
- Street Type:
- Road Frontage: 32
- Heat: Forced Air/Natural Gas
- Water: Public Water4
- Sewer: Public Sewer5
- Roofing:
- Docks: 0
- Doors: 0
- Ceiling Height: 0
Legal: LOT 1713* STEINMANN S ASSESSOR S PLAT NO 59
- Taxable Value: 193,900
- SEV: 138,467
- For Tax Year: 2024
- Annual Property Tax: 7,372
- Tax Year: 2024
- Homestead %: 0
- Spec Assmt/Tyle: unknown
- Zoning:
- Tax ID: 41-14-29-380-032
- Lot Size: 75x32
- Acreage: .06
- New Construction: No
- Construction Type: Frame/Wood
- Construction Status:
- Addtl Features:
- Uses: Restaurant, Retail
- Util Available: Cable
- Util Attached: Electricity Connected,Natural Gas Connected
- Current Use: Scorpion Coffee
- Terms: Cash, Conventional
- Original Price: 595,000.00
- Directions: Wealthy & Fuller
- Property Description: A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units:Residential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck.Commercial Unit: Currently leased to Scorpion Coffee, offering a well-designed space with a side yard patio.Situated in the heart of Eastown, one of Grand Rapids' most vibrant neighborhoods, the area is known for its historic architecture, walkability, and diverse mix of local businesses. Nearby, you'll find popular spots like Terra GR, The Electric Cheetah, Harmony Brewing Company, Yesterdog, and Wolfgang's Restaurant, along with a variety of boutiques and community spaces.pro forma Cap Rate: ~8.9%.
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