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941 WEALTHY ST SE Grand Rapids MI 49506-1514

[Locked] • APN 41-14-29-359-026

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Details
Property Type Office, Retail
Sub Type Shopping Center
Building SqFt 6,000
Lot SqFt 7,667
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code TN-TBA
Year Built 1940
Building Count 1
Opportunity Zone No
Mortgage Amount ******
Mortgage Term ******
Interest Rate ******
Mortgage Recording Date ******

Property History

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Property Type
Property Type
Office, Retail, Special Purpose
Property Subtype
Creative Office, Storefront
Marketing Description

Rare Live-Work opportunity and/or investment in the Wealthy Theatre Historical District! 9 Parking spaces included.

Originally built as a Post Office in 1916, this charming mixed-use building has been thoughtfully upgraded and meticulously maintained. New roof and water heater as well as upgraded mechanical and appliances. Current layout is highly adaptable for a multitude of uses.

The ground level retail space provides approx. 2,440 sf of open space with high ceilings and lots of natural light. The upper-level apartment is modern and immaculate with 4 bedrooms and 1 bath. With separate entrances and separately metered utilities, the building provides a turn-key option for an owner user or someone looking to lease out either the apartment or commercial space. Bonus space includes an outdoor patio and large, concrete basement for storage.

Join thriving retailers such as Squib Coffee and Wine Bar, Electric Cheetah, Meanwhile Bar, Testa Rosa, Hancock and much more!

Prime location:

- 1 mile to downtown GR

- 2 miles to US 131

Investment Highlights

Ground Floor Retail/Office

- 2,440 approx. usable square feet

- 2 bathrooms

- Front and rear entrances

- Wide open floor plan with 11 ft ceilings

- Tons of natural light

Second Story Apartment

- 2,600 approx. usable square feet

- 4 bedrooms

- 1 full bathroom

- Spacious kitchen, dining and living space

- Private entrance

- Modern, full of light, open adaptable floor plan

Bonus

Parking: 9 designated spaces

Immaculate basement

Outdoor Patio

Outstanding Location

- Strong retail neighbors – Squib Coffee and Wine Bar, Electric Cheetah, Meanwhile Bar, Testa Rosa and more

- Highly visible and walkable to many amenities

- Charming neighborhood, within the Wealthy Theatre Historic District

- 1 mile to downtown GR

- 2 miles from US – 131 interchange

Building Quality

- Built in 1916, composed of brick

- Upgraded mechanical, new roof and water heater

- Separately metered for residential and retail use

- Meticulously maintained

- Adaptable footprint for a multitude of uses

- Private outdoor patio space

Property Type
Property Type
Retail, Office
Property Subtype
Shopping Center
Marketing Description
Opportunity to own a 6,000 SF building in East Hills. Completely renovated, all brick building. This offering has 10 off street parking spaces, excellent street front visibility and a blend of original features and modern upgrades. Building is ready for office/retail, and second floor could be converted to multi family.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
TL
Todd Leinberger
•••.•••.4457
•oddl@••••••.com
Brokerage logo
Listing removed on
 BY:
CM
Courtney Mulica PRO
•••.•••.5397
••••tney@•••••••.com
Brokerage logo

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