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    Weston St SE 14 Grand Rapids, MI 49503

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    For Sale
    $749,000

    Two-story mixed-use property in prime downtown location.

    Property size:
    4,870 SF
    Lot size:
    0.06 Acres

    Property Features for Weston St SE 14

    General Information

    Size
    4,870 SF
    Lot size
    0.06 Acres

    Source: Signature Associates Agent Joe Rizqallah

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Grand Rapids Mixed-Use Property

    This two-story mixed-use property is located in downtown Grand Rapids. The main level features approximately 2,350 square feet of commercial space currently occupied by a long-standing clothier retailer. Upstairs, there are two newer two-bedroom, one-bath residential units, which are fully leased. Each unit includes a washer and dryer, separate utilities, and central HVAC. The building has a solid brick exterior and a flat roof with a built-up membrane roof system. The main floor is barrier-free. The interior features original exposed brick, hardwood floors, and high ceilings. The entire building and interior were renovated in 2017 and 2018, including newer ceilings, interior walls, bathrooms, flooring, HVAC, plumbing, and a fire sprinkler system. The property offers good cash flow and is a solid investment in a vibrant downtown district. The property size is 4,870 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6672
    Latitude
    42.961935

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    FAQs

    What type of property is this?
    Mixed-use property - Two-story mixed-use property in prime downtown location.
    Where is this mixed-use property located?
    The property is located at Weston St SE 14 Grand Rapids, MI.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Prime Downtown Grand Rapids location.; - Income-producing mixed-use property with commercial and residential units.; - Two newer, fully leased 2-bedroom residential units with separate utilities and central HVAC.
    (616) 822-6310
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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
    Weston St SE 14 Grand Rapids, MI 49503
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