Renovated Office Unit with Vaulted
New
For Lease
$31 SF/Yr
1048 Wealthy Street Se Suite 2, Grand Rapids, MI 49506
Second-floor professional space with a private side entrance, full bathroom, and flexible rooms for office or studio use.
Space SizeContact for details
Days on Market3
Property Features for 1048 Wealthy Street Se Suite 2
General Information
Standard status
Active
Building Details
Year Built
1884
Listing Agency:
Five Star Real Estate (Eastown)
(616) 856-0506
Listed By:
Anna J Alvarez
Source:
Katie-k
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 6:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Five Star Real Estate (Eastown)
Investment Insights
Based on property information with market context.
Located at 1048 Wealthy Street SE, Suite 2, this 604-square-foot office unit occupies the second floor of an 1884 building. The space was gut renovated in 2021 and includes vaulted ceilings, spray-foam insulation, a private east-side entrance, a waiting area, full bathroom, and two multipurpose rooms. The layout supports professional office, studio, and one-on-one client uses, including therapy, massage, acupuncture, yoga, Pilates, lash services, and art production.
The property sits within Grand Rapids’ Wealthy Theater Historic District, near Wealthy Street shopping and dining. The building received a full roof replacement in 2026, along with new exterior paint and gutters. Street parking is available, and the city-owned Barth Lot is 350 feet away. A gross lease includes electric, gas, water and sewer, trash, and Wi-Fi. Availability begins October 1st, 2026, with 36–48 month terms offered.
The property sits within Grand Rapids’ Wealthy Theater Historic District, near Wealthy Street shopping and dining. The building received a full roof replacement in 2026, along with new exterior paint and gutters. Street parking is available, and the city-owned Barth Lot is 350 feet away. A gross lease includes electric, gas, water and sewer, trash, and Wi-Fi. Availability begins October 1st, 2026, with 36–48 month terms offered.
Key Highlights
- 604 SF second‑floor office unit at 1048 Wealthy Street SE, Suite 2
- Gut renovated in 2021 with vaulted ceilings and spray‑foam insulation
- Private east‑side entrance, waiting area, full bathroom, and two multipurpose rooms
Property Analytics
Property Profile
Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 49506, MI
33,050
Population
13,262
Households
2.5
Avg Household Size
34
Median Age
67%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
4,527
Density / Sq Mi
$112,287
Median Household Income
$48,631
Median Earnings
$1,305
Median Rent
$338,600
Median Home Value
Market
Lease Benchmarks for Grand Rapids, MI
$16.8 /SF/Yr
Avg Asking Price
$1.52–$36 /SF/Yr
Price Range
26,849 SF
Avg Space Size
This space is priced 84% above the average of $16.8 /SF/Yr.
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Second-floor professional space with a private side entrance, full bathroom, and flexible rooms for office or studio use.
Where is this office units located?
The property is located at 1048 Wealthy Street Se Suite 2 Grand Rapids, MI.
What is the lease rate?
The lease rate is $31 SF/Yr.
What are key features of this property?
This property features: 604 SF second‑floor office unit at 1048 Wealthy Street SE, Suite 2; Gut renovated in 2021 with vaulted ceilings and spray‑foam insulation; Private east‑side entrance, waiting area, full bathroom, and two multipurpose rooms
