Free-Standing Retail
1052 Wealthy Street SE Grand Rapids, MI 49506
For Sale
$499,900
COMMERCIAL - Grand Rapids, MI
Property Size1,760 SF
Lot Size0.05 Acres
Price / SF$284.03
Days on Market27
Property Features for 1052 Wealthy Street SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Basement
- Interior features
- Broadband
- Standard status
- Active
- APN
- 41-14-32-126-019
- Size
- 1,760 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- W 40 FT OF LOT 9 BLK 1* BARTH S ADDITION
- Tax Annual Amount
- 5686
Utilities
- Utilities
- Electricity Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1930
- Number of units
- 1
- Building materials
- Block
- Roof type
- Rubber
Listing Agency:
Keller Williams GR North
(616) 447-9100
Listed By:
Roger Ackerman · License #6501295615
(810) 423-9296
Added: Jul 1
Changed: Jul 25
Last Checked: Jul 27 at 3:06AM
MLS# 26034116
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale: a free-standing commercial retail building built in 1930. The property includes 1,760 square feet of main-level space, along with an additional finished basement area. The basement features a bathroom and a laundry room, providing useful flexibility for storage, office support, or other back-of-house needs. The main layout is described as openable, allowing for potential reconfiguration to better suit a new tenant’s plan.
The building is located at 1052 Wealthy Street SE in Grand Rapids, Michigan (49506). The site is approximately 0.05 acres.
The building is located at 1052 Wealthy Street SE in Grand Rapids, Michigan (49506). The site is approximately 0.05 acres.
Key Highlights
- Free‑standing commercial building built in 1930 with 1,760 sq ft of main‑level space
- Includes additional finished basement space with a bathroom and laundry room
- Central air and forced‑air heating
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.6k | $21.96 |
| − Vacancy | −$2.2k | −$1.25 |
| EGI | $36.4k | $20.71 |
| − OpEx | −$10.9k | −$6.21 |
| NOI | $25.5k | $14.50 |
1,760 SF · lease $21.96/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$364.5K
$318.9K – $425.2K
NOI $25,513 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$408.4K
$357.4K – $476.5K
NOI $28,591 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wealthy Street Animal ...
Veterinary Clinic
FAQs
What type of property is this?
Retail space - 1930 free-standing retail building with 1,760 sf main level and finished basement with bathroom and laundry.
Where is this retail space located?
The property is located at 1052 Wealthy Street SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Free‑standing commercial building built in 1930 with 1,760 sq ft of main‑level space; Includes additional finished basement space with a bathroom and laundry room; Central air and forced‑air heating
