$475,000
Grand Rapids, MI 49506
MLS# 26043253
3600 sqft
1 / 1
Property Description
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.
Details
Documents
Location & Property Info
Cross Streets: Diamond Ave
Property Sub-Type: Retail
Municipality: City of Grand Rapids
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 131.94
Prop Avail for Lease?: No
Current Bldg Use: Vacant
General Property Info
New Construction: No
Lot Dimensions: 40 X 100
Road Frontage: 40
Waterfront: No
Total # Units: 2
Total # Bldgs: 1
# Fin Bldg Lvls: 3600
Total SqFt: 3600
Property Use Type: Vacant/Owner-User
School District: Grand Rapids
Lot Measurement: Acres
Lot Acres: 0.09
Lot Square Footage: 4000
Year Built: 1884
Tax Info
Taxable Value: 164378
SEV: 230000
For Tax Year: 2026
Seller's Annual Property Tax: 6415
Tax Year: 2026
Homestead %: 0
Spec Assessment & Type: none
Zoning: TBA TN
Tax ID #: 41-14-29-379-021
Remarks & Misc
Public Remarks: 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.
Legal: LOT 1683* STEINMANN S ASSESSOR S PLAT NO 58
Utilities Attached
None: 1
Sewer
Public Sewer: 1
Water
Public Water: 1
Uses
Bar/Tavern/Lounge: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Construction Type
Pole/Wood: 1
Exterior Material
Wood Siding: 1
Roofing
Rubber: 1
Heat Source
None: 1
Sale Conditions
None: 1
Below Grade
Basement: 1
Heat Type
None: 1
Business Includes
Real Estate: 1
Util Avail at St
Cable Available: 1
Electricity Available: 1
High Speed Internet: 1
Natural Gas Available: 1
Phone Available: 1
Driveway
Gravel: 1
Purchase Terms Avail
Cash: 1
Land Contract: 1
Other: 1
Possession
Close Of Escrow: 1
Location Property Info
County: Kent
Street #: 1007
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49506
Zip (4): 1516
OfficeContract Info
Status: Active
Current Price: $475,000
List Price: $475,000
Listing Date: 2026-08-17
Property Features
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Business Includes: Real Estate
Construction Type: Pole/Wood
Exterior Material: Wood Siding
Roofing: Rubber
Below Grade: Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: None
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: None
Heat Type: None
Driveway: Gravel
Purchase Terms Avail: Cash; Land Contract; Other
Sale Conditions: None
Possession: Close Of Escrow
Survey 
Listing Office: Urban Soil Realty
Listing Agent: Bradley S Veneklase
Last Updated: October - 28 - 2026
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