431 Wealthy St SW Grand Rapids, MI 49503

Listing office Dar Commercial j**@darcommercial.com Show Phone

Listing date May 24, 2023

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Investment Insights

Based on property information with market context.

This retail space is located at the intersection of two major roads, specifically at the corner of Market Street and Wealthy Street. The property is situated across the street from Grand Rapids' largest future transitional development on the Grand River. Historically, the location served as the original Grand Rapids railway station. All possible utilities are in place. The property is located in an opportunity zone. A 12,000-capacity riverfront amphitheater is being constructed at 201 Market Ave SW and is expected to open in the Spring of 2026. The amphitheater is one component of a planned redevelopment of a 31-acre stretch along Market venue between Fulton and Wealthy Streets. The vision for the area includes up to 1,750 apartments, ground-floor retail space, and parks and greenspace. It’s designed to tie-into and complement efforts to revitalize and restore the Grand River’s rapids in downtown Grand Rapids. The property offers 1280 square feet of space.

Key Highlights

• Prime location at the intersection of Market and Wealthy, a west/south gateway to the city.
• Situated across from Grand Rapids' largest future development on the Grand River, featuring up to 1,750 apartments, retail, and parks.
• Located in an opportunity zone, offering potential tax benefits.

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FAQs

What type of property is this?

Retail space - Prime corner retail space near upcoming Grand River development.

Where is this retail space located?

The property is located at 431 Wealthy St SW Grand Rapids, MI.

What is the asking price?

The asking price for this property is $1,650,000.

What are key features of this property?

This property features: Prime location at the intersection of Market and Wealthy, a west/south gateway to the city.; Situated across from Grand Rapids' largest future development on the Grand River, featuring up to 1,750 apartments, retail, and parks.; Located in an opportunity zone, offering potential tax benefits.