Property photo 1
0 Baths
3,600 sqft

$475,000

1007 Wealthy Street SE, Grand Rapids MI, 49506

Price per sqft$131.94
Built in1884
Property size3,600 sqft
Property typeCommercial

Overview

Active

Updated 5h ago

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.

Other Property Details

Taxes
$6,415
Tax Frequency
Annually

 

Courtesy of Urban Soil Realty

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Data last updated 11:01 AM UTC, 10/28/2026

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