$ 475,000
-
$475,000
Price -
3,600
SqFt -
0.09
Acre
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About the Listing 73328 - MR22870
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 Facade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.
Listing Highlights for 1007 Wealthy
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3600
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40 X 100
- Roof: Rubber
- Others:
- Sewer:
Financial Details
- Tax Amount: $6,415
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
1007 Wealthy Grand Rapids, MI 49506
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