Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2130 Wealthy St Grand Rapids, MI 49506

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    6,000 SF Retail Space - East Grand Rapids

    Lot size:
    6,000 SF

    Property Features for 2130 Wealthy St

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,000 SF
    Total Rate
    10000

    Spaces For Lease

    at 2130 Wealthy St, Grand Rapids, MI 49506 Contact us
    Unit Available Space

    $20 /Mo

    Size
    6,000 SF
    Contact us

    We can help!

    Listing Contact
    Darrel Herweyer
    Darrel Herweyer

    Listing Agency: Dar Commercial Listing Agent: Darrel Herweyer

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 6,000-square-foot retail space is available for lease in the desirable East Grand Rapids Gas Light Village. Located at 2130 Wealthy Street SE, this single-tenant property boasts high visibility and is situated within a strong demographic area. The building is currently vacant, presenting a unique opportunity for a business seeking a prominent location. The property is zoned commercial and features a total building area of 6,000 square feet, all of which is currently available. The parcel numbers are 41-14-33-252-002 & -003, and the property is located in Kent County, Michigan, with a zip code of 49506. This prime retail location offers significant potential for a variety of businesses. Please note that the property is subject to the termination of an existing lease. The property's ideal location within the vibrant Gas Light Village ensures high foot traffic and excellent exposure. This is a rare opportunity to secure a substantial retail space in a highly sought-after area of Grand Rapids. Inquiries are welcome to discuss lease terms and explore the possibilities this property offers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joel Roudabush Pharmacy Western Union Bank higi Physician Ralph D. Martin, ... Pharmacy JLS Communications LLC Telecommunications Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Rapids
    County
    Kent
    State
    Michigan
    Longitude
    -85.6161424
    Latitude
    42.9510521

    Nearby Similar for Lease

    • New
      $16 SF/Yr
      2,800 SF

      Retail Space on Division Avenue

      Retail suite on busy Division Avenue, South of Burton.
      2041 S Division Ave, Grand Rapids, MI 49507
      View Details
    • $1,744 /Mo
      1,520 SF

      Stand-Alone Building in High-Traffic Area

      Stand-alone building with high visibility and convenient parking.
      4110 Lake Michigan Dr NW, Grand Rapids, MI 49534
      View Details
    • $19 SF/Yr
      1,760 SF

      Grand Rapids Commercial Building For Lease

      Free-standing commercial building in vibrant Grand Rapids corridor.
      1052 Wealthy St SE, Grand Rapids, MI 49506
      View Details
    • New
      $28 SF/Yr
      600 SF

      Retail Space in Grand Rapids

      Retail space available for lease in Grand Rapids, Michigan.
      456 Leonard St NW, Grand Rapids, MI 49504
      View Details
    • $14 SF/Yr
      2,000 SF

      Grand Rapids Retail/Manufacturing Space

      2,000 sq ft space suitable for retail or manufacturing.
      1612 Diamond Ave NE, Grand Rapids, MI 49505
      View Details
    • $18 SF/Yr
      5,311 SF

      Goei Center Office Space

      Historic Grand Rapids office space with modern amenities for lease.
      818 Butterworth St SW, Grand Rapids, MI 49504
      View Details
    • New
      $18 SF/Yr
      10,003 SF

      Division Avenue Commercial Spaces Available

      Prime downtown Grand Rapids location with flexible commercial spaces.
      111 Division Ave N, Grand Rapids, MI 49503
      View Details
    • $19 SF/Yr
      3,126 SF

      New Retail Suites Available

      Modern retail suites for lease in growing commercial district.
      1010 E Chavez Ave SW, Grand Rapids, MI 49503
      View Details
    • $17 SF/Yr
      2,480 SF

      Grand Rapids Restaurant Ready Space

      Fully built-out restaurant space within a busy, well-established hotel.
      6569 Clay Ave SW, Grand Rapids, MI 49548
      View Details
    • $16 SF/Yr
      3,707 SF

      Grand Rapids Commercial Lease Opportunity

      Open-box commercial space in high-traffic Grand Rapids location.
      1163 Giddings Ave SE, Grand Rapids, MI 49506
      View Details
    • $13 SF/Yr
      1,700 SF

      Grand Rapids Industrial Space

      1700 sq ft industrial space in Grand Rapids, Michigan.
      1612 Diamond Ave NE, Grand Rapids, MI 49505
      View Details
    • $9 SF/Yr
      9,696 SF

      Grand Rapids Commercial Building ForRent

      Commercial building in Grand Rapids, MI, with ample parking.
      1001 S Unit, Grand Rapids, MI 49507
      View Details

    FAQs

    What type of property is this?
    Retail property - 6,000 SF Retail Space - East Grand Rapids
    Where is this retail property located?
    The property is located at 2130 Wealthy St Grand Rapids, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: $20.00/SF asking price.; Commercially zoned.; Located in Kent County.
    (616) 361-2307 Call to check price and availability
    Request Owner's contact information
    2130 Wealthy St Grand Rapids, MI 49506
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2130 Wealthy St
    Grand Rapids, MI 49506
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2130 Wealthy St Grand Rapids, MI 49506
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Darrel Herweyer
    Darrel Herweyer
    Real Estate License ID: 6502124654
    (616) 361-2307 (616) 813-0111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!