738 Wealthy St SE Grand Rapids, MI 49503
Retail property with income and redevelopment potential in East Hills.
Property size:
4,644 SFLot size:
0.09 AcresProperty Features for 738 Wealthy St SE
General Information
- Size
- 4,644 SF
- Lot size
- 0.09 Acres
Source:
Moodyscre
Listing Agent: Zoe Wyatt
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Hills Corner Retail Property
This property, located at a visible corner in East Hills, offers a combination of stable income and potential for increased value. The upstairs space is fully leased. The main floor retail space provides 1,900 square feet available under a sale-leaseback arrangement with the current operator, ensuring immediate cash flow. The site includes a newly branded lot, approved for up to three food trucks, which adds community engagement and potential revenue. Recent improvements include new vinyl siding, updated HVAC, and separately metered utilities. The property is located in an OZ zone. Zoning allows for up to four stories. The property at 738 Wealthy has historic protection requiring approval for expansion, while 734 Wealthy has no restrictions. The property is suitable for retail or restaurant use.
Location Intelligence
Current Use by Public Records
Woosah Outfitters
Clothing Store
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6501818
- Latitude
- 42.9554084
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Retail property with income and redevelopment potential in East Hills.
Where is this retail space located?
The property is located at 738 Wealthy St SE Grand Rapids, MI.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: - Immediate cash flow from existing leased residential units and sale-leaseback of main floor retail (1,900 SF).; - High-profile corner location at Wealthy and Charles, offering excellent visibility.; - Newly branded lot approved for up to three food trucks, providing additional revenue potential and community engagement.