Corner Retail Space in Grand
For Sale
$1,650,000
431 Wealthy St SW, Grand Rapids, MI 49503
Prime corner retail space near upcoming Grand River development.
Property Size1,280 SF
Price / SF$1,289
Days on Market1285
Property Features for 431 Wealthy St SW
General Information
Standard status
Active
Size
1,280 SF
Total Parking Spaces
45
Property subtype
Retail
Zoning
CC
Amenities
45 Parking Spaces
Building Details
Year Built
1980
Listing Agency:
DAR Commercial Real Estate
Listed By:
Jon Geenen · License #6501409080
(616) 520-5467
Source:
Carwm.resimplifi
Added: Apr 13, 2023
Changed: Oct 12
Last Checked: Oct 16 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of DAR Commercial Real Estate
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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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Home Improvements & Furnishings 19%
Dining 3%
Mobil
Shops & Services
7,368 visits/mo
0.3 miles
U-Haul Moving & Storage Of Downtown Grand Rapids
Shops & Services
1,321 visits/mo
0.3 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,307 visits/mo
0.3 miles
Ferguson
Home Improvements & Furnishings
847 visits/mo
0.3 miles
Otto
Dining
351 visits/mo
0.3 miles
Demographics for 49503, MI
39,344
Population
19,017
Households
2.1
Avg Household Size
30
Median Age
44%
College-Educated
88%
High-School Grad
7.3 sq mi
ZIP Area
5,390
Density / Sq Mi
$61,734
Median Household Income
$36,694
Median Earnings
$1,207
Median Rent
$224,100
Median Home Value
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Frequently Asked Questions
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.
