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$ 595,000
Est. payment /mo
New
1035 Wealthy Street Grand Rapids, MI 49506
2,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial/Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $220
Subdivision Mi
MLS Listing ID 70458856
Year Built 1900
Annual Tax Amount $7,372
Tax Year 2024
Lot Size 2,613 Sqft
Acres 0.06
Lot Dimensions 75x32
Property Sub-Type Commercial/Industrial
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%.
Location
State MI
County Kent
Area Grand Rapids (41032)
Interior
Heating Forced Air
Building
Structure Type Frame,Wood
Others
Energy Description Natural Gas
Financing Cash,Conventional
Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource.
Listed by MOXIE Real Estate + Development