3,600 sqft

$475,000

1007 Wealthy Street, Grand Rapids MI, 49506-1516

Price per sqft$131.94

Built in1884

Property size3,600 sqft

Property typeCommercial

Overview

Active

Listed Aug 17, 2026

Updated 6 days 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 Facade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.

Additional information

MLS^® ID: 70552913

Interior Features

Basement: No

Exterior Features

Lot Size: 0.09 Acres

Other Property Details

Taxes: $6,415
Tax Frequency: Annually
Municipality: Grand Rapids

Listed by Bradley Veneklase with Urban Soil Realty
Listing Contact: 616-437-1065

Based on information originating from the MiRealSource as of 10/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/29/2026 at 4:01 AM UTC