2184 Wealthy Street SE, Grand Rapids, MI 49506 (MLS# 21008912)

2184 Wealthy Street SE, Grand Rapids, MI 49506

$1,200,000

Property Type: Commercial Sale Square Footage: 4,151 Lot Size (sq. ft.): 4,400 Status: Sold

Current Price: $1,200,000 List Date: 3/22/2021 Last Modified: 11/30/2022

Overview

Description

This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location. Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy. Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.

Listing Details MLS# 21008912

Location Property Info

County: Kent
Street #: 2184
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49506

General Property Info

New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4400
Lot Dimensions: 40x106
Year Built: 1953
Road Frontage: 105
Mineral Rights: No
Year Remodeled: 2017
Total # Units: 5
# Fin Bldg Lvls: 2
Total # Bldgs: Yes
Total SqFt: 4151
Property Use Type: Net Leased (nnn)
Full Baths: 5
Waterfront: No
School District: East Grand Rapids

Tax Info

Tax ID #: 41-14-33-253-006
Taxable Value: 233426
SEV: 287200
For Tax Year: 2020
Seller's Annual Property Tax: 15346
Tax Year: 2020
Spec Assessment & Type: No
Non-Conforming Use: No
Zoning: C-1

Remarks Misc

Directions: LAKE DR TO WEALTHY, W TO BUILDING. Breton to Wealthy St East.

Status Change Info

Under Contract Date: 2021-10-28
Sold Date: 2021-11-30
Sold Price/SqFt: 289.09

More Information

Additional Details

Total Parking Spaces: 5

Waterfront Options

Water Access Y/N: No

Property Features

Property Use: Net Leased (nnn) Uses: Professional/Office; Restaurant; Retail Business Includes: Real Estate Construction Type: Frame/Wood Exterior Material: Brick; Vinyl Siding Sewer: Public Sewer Water: Public Water Utilities Attached: Natural Gas Connected Util Avail at St: Cable Available; Natural Gas Available Heat Source: Natural Gas Heat Type: Forced Air Purchase Terms Avail: Cash; Other Sale Conditions: None Possession: Negotiable

Listing Office: Keller Williams GR East

Listing Agent: Todd Roesler

Last Updated: November - 30 - 2022

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