Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Office buildings

    431 Wealthy St SW, Grand Rapids, MI 49503

    1,056 SF 0.61 ac lot Built 1980
    Individually Owned 5-yr Hold Free & Clear
    Property ID
    US43-1897250
    Property summary
    AI-generated overview

    This exceptional 12,000 square foot storefront property, located at 431 Wealthy St SW, Grand Rapids, MI 49503 (APN: 41-13-25-383-004), presents a unique investment opportunity. Situated on a 0.61-acre lot at the corner of Wealthy and Market Streets, this historic Grand Rapids Railway Station boasts a prime location at the gateway to the city. The property benefits from its position directly across from Grand Rapids' largest planned development along the Grand River, a transformative project encompassing a 12,000-capacity amphitheater (projected completion 2025), up to 1,750 new apartments, extensive retail space, and significant parkland. This revitalization project is designed to enhance the Grand River's rapids and create a vibrant downtown area. All utilities are in place, and the property's location within an Opportunity Zone provides significant tax advantages for investors. This landmark building offers immense potential for a variety of retail uses, capitalizing on the substantial growth and increased foot traffic expected from this exciting development. The asking price is $1,500,000. Don't miss this chance to own a piece of Grand Rapids history and secure a prominent position in a rapidly expanding urban core.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1980
    Total area 1,056 SF
    Lot 0.61 ac (26,572 SF)
    Zoning code TN-CC
    APN 41-13-25-383-004
    UPID US43-1897250
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • King Ice Cream Shoppe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Underground Building Maintenance Ll · 5 yrs held
    Underground Building Maintenance Ll
    since 2021
    1 recorded transaction
    2021
    $350,000
    Zoning & alternative use
    TN-CC · Grand Rapids, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
    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