1052 Wealthy Street SE, Grand Rapids, MI 49506
COMMERCIAL - Grand Rapids, MI
- Added:
- Jul 1, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 7 at 4:06 pm
Property Features for 1052 Wealthy Street SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- 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 agent Roger Ackerman License #6501295615 (810) 423-9296
Listing office Keller Williams GR North 3237 Platinum St NE, Grand Rapids, MI (616) 447-9100
Listing date Jul 1, 2026
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.
HighLights
- 1930‑built free‑standing commercial building with 1,760 SF of main‑level space
- Additional finished basement with a bathroom and laundry room
- Central air conditioning and forced‑air heating
- Block construction and rubber roof
- Broadband available and electricity available
- Includes bathroom 1 and bathroom 2
Overview
Located at 1052 Wealthy Street SE in Grand Rapids (Postal Code 49506), the property sits at the intersection of the East Hill, Eastown, and Baxter neighborhoods. Public remarks note it is positioned in a high-traffic, walkable corridor, supported by the building’s visibility and classic architecture.
For buyers and operators looking for a standalone retail presence, the combination of street-facing main-level space and an improved basement can support a range of retail uses that benefit from flexible interior configuration. The building’s freestanding setup can simplify branding and customer access compared with spaces that rely on shared entrances, while the existing bathroom and laundry area add utility for tenant operations. Investors and owner-users should evaluate the interior finish details and layout options during due diligence to confirm the best fit for their intended concept.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Living Product Sinc — 300 Ionia Ave SW, Grand Rapids, MI 49503
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.642333
- Latitude
- 42.955377
