$475,000

1007 Wealthy Street SE, Grand Rapids MI, 49506

Price per sqft$131.94

Built in1884

Property size3,600 sqft

Property typeCommercial

Courtesy of Bradley S Veneklase, Urban Soil Realty

Overview

Active

Listed Aug 17, 2026

Updated 53 min ago

Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, ideally located between Electric Cheetah and The Meanwhile Bar. This historic 3,600 SF building offers incredible flexibility and endless possibilities in one of Grand Rapids' most desirable commercial districts. Whether your vision includes retail, restaurant, hospitality, office, residential, or a combination of uses, this property provides a unique opportunity to create something special. The property also includes parking for three vehicles and a rear yard with patio potential. An approved 10-year OPRA tax abatement is already in place, providing a significant financial advantage by freezing the existing taxable value for 10 years. Additional financial incentives may be available, including a $25,000 Uptown Façade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.

Additional information

MLS^® ID: 26043253

Interior Features

Bathrooms: 0
Basement: Yes

Exterior Features

Lot Size: 0.09 Acres

Other Property Details

Taxes: $6,415
Tax Frequency: Annually

Courtesy of Urban Soil Realty

The IDX display contains information sourced from the MichRIC® as of 10/28/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated 10/28/2026