$ 475,000
-
$475,000
Price -
0.09
Acre
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About the Listing 652723776850 - 65142952956335
Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, between Electric Cheetah and The Meanwhile Bar. This historic mixed-use building is construction-ready with Historic Preservation Commission approval, completed permit drawings and established construction pricing. Approved plans include four one-bedroom apartments with in-unit laundry and approximately 1,800 SF of main-floor white-box commercial space with two restrooms. Suitable for retail, hospitality, restaurant or office use. The property includes parking for three vehicles and a rear yard with patio potential. Incentives include a 10-year OPRA tax abatement, $25,000 Uptown facade grant, $226,983 Revitalization and Placemaking grant, and potential 20% federal and 5% Michigan historic tax credits. Projected ROI is 8.4%. Land-contract terms are available. All information, projections, plans and incentives are estimates and subject to buyer verification, program requirements and agency approval.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: No Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3600
- Basement: Basement
- Other: No Heat
- Water: Public (Municipal)
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 40 X 100
- Zoning: Other
- Roof: Rubber
- Others: Wood
- Sewer: Sewer (Sewer-Sanitary)
Financial Details
- Tax Amount: $6,415
- Taxes w/Assessments: N/A
- Tax/Property ID: 411429379021
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
1007 Wealthy St SE Grand Rapids, MI 49506
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