$1,200,000
Grand Rapids, MI 49506
MLS# 21008912
Status: Sold
4151 sqft
1 / 11
Property Description
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.
Details
Maps
Location Property Info
County: Kent
Street #: 2184
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49506
Area: Grand Rapids - G
OfficeContract Info
Status: Sold
Current Price: $1,200,000
List Price: $1,500,000
Listing Date: 2021-03-08
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.1
Lot Square Footage: 4400
Lot Dimensions: 40x106
Year Built: 1953
Road Frontage: 105
Mineral Rights: No
Year Remodeled: 2017
Total # Units: 5
# Fin Bldg Lvls: 2
Total # Bldgs: 1
Total SqFt: 4151
Property Use Type: Net Leased (nnn)
Full Baths: 5
Waterfront: No
School District: East Grand Rapids
Tax Info
Tax ID #: 41-14-33-253-006
Taxable Value: 233426
SEV: 287200
For Tax Year: 2020
Seller's Annual Property Tax: 15346
Tax Year: 2020
Spec Assessment & Type: No
Non-Conforming Use: No
Zoning: C-1
Remarks Misc
Directions: LAKE DR TO WEALTHY, W TO BUILDING. Breton to Wealthy St East.
Status Change Info
Under Contract Date: 2021-10-28
Sold Date: 2021-11-30
Sold Price: $1,200,000
Sold Price/SqFt: 289.09
Additional Details
Total Parking Spaces: 5
Waterfront Options
Water Access Y/N: No
Property Features
Property Use: Net Leased (nnn)
Uses: Professional/Office; Restaurant; Retail
Business Includes: Real Estate
Construction Type: Frame/Wood
Exterior Material: Brick; Vinyl Siding
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Natural Gas Connected
Util Avail at St: Cable Available; Natural Gas Available
Heat Source: Natural Gas
Heat Type: Forced Air
Purchase Terms Avail: Cash; Other
Sale Conditions: None
Possession: Negotiable
Listing Office: Keller Williams GR East
Listing Agent: Todd Roesler
Last Updated: November - 30 - 2022
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
