Grand Rapids, MI 49506 1035 Wealthy Street SE
$595,000
Pending
28 more
Presented By: Max B Grover at MOXIE Real Estate + Development - (616) 890-7794
Baths • 2
Home Details
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%.
Presented By: Max B Grover at MOXIE Real Estate + Development - (616) 890-7794
Interior Features for 1035 Wealthy Street SE
Bathrooms
Total Baths2
Other Interior Features
Basement (Y/N)No
Heating Y/NYes
Total Stories2
General for 1035 Wealthy Street SE
Additional Parcels Y/NNo
Business TypeRestaurant, Retail
CityGrand Rapids
CountyKent
DirectionsWealthy & Fuller
Electric On Property Y/NNo
Full Baths2
HeatingForced Air
High School DistrictGrand Rapids
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal DescriptionLOT 1713* STEINMANN S ASSESSOR S PLAT NO 59
Listing TermsConventional, Cash
Lot Size Square Feet2614.0
Lot Size UnitsAcres
MLS AreaGrand Rapids - G
MLS Area MinorGrand Rapids - G
MobileHomeRemainsYNNo
ModificationTimestamp2025-04-09T12:58:38Z
New ConstructionNo
Number Of Units Total2
PossessionClose Of Escrow, Subject To Tenant Rights
Property SubtypeRetail
Property TypeCommercial Sale
Rent Control Y/NNo
Senior CommunityNone
Standard StatusPending
StatusPending
Tax Annual Amount7372.0
Tax Assessed Value193900
Tax Year2024
TownshipCity of Grand Rapids
UtilitiesCable Available, Natural Gas Connected, Electricity Connected
Waterfront Y/NNo
Year Built1900
Exterior for 1035 Wealthy Street SE
Building Area Total2700.0
BuyerOfficeFax616-975-5678
Crops Included Y/NNo
Horse Y/NNo
InclusionsReal Estate
Irrigation Water Rights Y/NNo
Lot Dimensions75x32
Lot Size Acres0.06
Lot Size Area0.06
Number of Buildings2
Open Parking Y/NNo
SpaNo
Additional Details
Price History
Caylie Barras
Broker
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