2184 Wealthy Street SE $1,200,000

    Close

    2184 Wealthy Street SE Grand Rapids, MI 49506

    Closed
    SOLD 11/30/2021

    $1,200,000

    Market Estimate
    • 4,151 sq. ft.
    • 0.10 Acres
    • Commercial
    • MLS# 21008912
    2184 Wealthy Street SE, Grand Rapids, MI 49506
    Thumbnail
    Listing provided courtesy of: Keller Williams GR East
    Favorite Share
    Views: 327

    Property Details

    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.

    • General Features
      • Year Built 1953
      • New Construction Y/N false
      • Business Type Professional/Office,Restaurant,Retail
      • County Or Parish Kent
      • Property Sub Type Retail
      • Tax Annual Amount 15346.0
    • Building Features
      • Construction Materials Brick, Vinyl Siding
      • Building Area Total 4151.0
      • Number Of Units Total 0
      • Heating Y/N true
      • Heating Forced Air
      • Full Bathrooms 5
      • Bathrooms 5
      • Parking Total 5.0
    • Property Features
      • Lot Size Acres 0.1
      • Lot Size Area 0.1
      • Number Of Buildings 1
      • Utilities Public Sewer, Cable Connected
    • Schools
      • High School District East Grand Rapids

    Neighborhood

    49506 (Grand Rapids) Demographics

    34 Median Age
    4,351 Population Density (per sq. mile)
    70% College Educated
    $86,004 Estimated Median Income
    9,471 Estimated Total Home Owners
    3,187 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    34,058 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $405,000 Median Sales Price
    54 Homes Sold
    68 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/30/2021 3:00:00 AM Sold Source: Multiple Listing Service New Value: $1,200,000
        Copyright 2024 MichRIC, LLC. All rights reserved.

        Information Deemed Reliable But Not Guaranteed. The firm operating this website does not display the entire MLS (or MichRIC) Broker Reciprocity database on this web site. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited. Updated on 4/26/2024 5:45:04 AM PST. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.