758 Wealthy St SE & 415 Eastern Ave SE

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30018919
Property Subtypes: Street Retail
Building Size (RSF): 1,917 SF
Gross Building Area: See Agent
Gross Land Area: 0.23 Acres
Sale Price: $825,000
Unit Price: $430.36 PSF
Ceiling: 24 ft.
Property Use Type: Vacant/Owner-User
Building Name: Great Lakes Commonwealth of Letters
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2017

Overview / Comments

Rare live/work opportunity with on-site parking along a robust and thriving part of Wealthy Street. Purchase includes 758 Wealthy Street and 415 Eastern Avenue. 415 Eastern Avenue is a paved lot with 8 spots, but with potential for more. 758 Wealthy Street sits on hard corner of Eastern Avenue. Beautiful brick fa├žade, while inside houses vaulted ceilings, open flex-space and behind the retail front is a beautiful small apartment. Roof and full upgrades completed in 2005. Livable areas includes two full bathrooms, two full kitchens and one master bedroom and dining/living room area. Site also has rooftop access; great for parties or patio seating. Huge basement fully furnished with expansive backroom for storage or growth. Residential and commercial areas can be leased separately. Site is walking distance from many excellent retailers including Winchester and Elk Brewery. Free city parking across the street for additional parking for retailers.

Additional Details

Nearest MSA: Grand Rapids-Wyoming
County: Kent
Submarket/Township: S 131 Corridor
Taxing Authority: City of Grand Rapids
Tax ID/APN: 41-14-31-229-007 & 41-14-31-229-019
Zoning: TBA-TN
Property Located Between: Eastern & Wealthy
Feet of Frontage: 30
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1922
Year Renovated: 2007
Total Parking Spaces: 10
Parking Type: Surface
Air Conditioning: Window Unit
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 31,264 160,327 290,812
Median Age: 28.66 30.9 33.57
Households: 12,487 59,048 112,188


Photograph of Listing Agent

Joe Rizqallah

Signature Associates
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