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    738 Wealthy St SE Grand Rapids, MI 49503

    For Sale
    $1,880,000

    Retail property with income and redevelopment potential in East Hills.

    Property size:
    4,644 SF
    Lot size:
    0.09 Acres

    Property Features for 738 Wealthy St SE

    General Information

    Size
    4,644 SF
    Lot size
    0.09 Acres

    Source: Fancy Real Estate 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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Woosah Outfitters Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6501818
    Latitude
    42.9554084

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    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.
    (770) 880-4478
    Request Owner's contact information
    738 Wealthy St SE Grand Rapids, MI 49503
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    Grand Rapids, MI 49503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    738 Wealthy St SE Grand Rapids, MI 49503
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