33
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$595,000
Est. payment /mo
2 Baths
2,700 SqFt
Sold on 04/21/2025
1035 Wealthy ST SE Grand Rapids, MI 49506
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Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $214
MLS Listing ID 65025012190
Sold Date 04/21/25
Year Built 1900
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type BusinessandRealEstate
Property Description
A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units:G£ûn+ÅResidential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck.G£ûn+ÅCommercial 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.G£ûn+Åpro forma Cap Rate: ~8.9%.
Location
State MI
County Kent
Area Area41142Grandrapids
Interior
Heating ForcedAir, NaturalGas
Fireplace No
Exterior
Utilities Available ElectricityConnected, NaturalGasConnected
View Y/N No
Building
Sewer PublicSewer
Water Public
New Construction No
Schools
High Schools Grandrapids
School District Grandrapids
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Max B Grover of MOXIE Real Estate + Development
Bought with RE/MAX of Grand Rapids (FH)
Bought with RE/MAX of Grand Rapids (FH)
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