431 Wealthy St Grand Rapids, MI 49503
- Office buildings
- 1,056 SF
- 0.61 lot acres
Current Use by Public Records
- King Ice Cream Shoppe / Restaurant
Property Details for 431 Wealthy St
- Year built
- 1980
- Lot size
- 0.61 lot acres
- Property size
- 1,056 SF
- Zone code
- TN-CC
- Property type
- Office buildings
- APN
- 41-13-25-383-004
- APU
- 411325383004
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Grand Rapids
- County
- Kent
- State
- Michigan
- Longitude
- -85.6786
- Latitude
- 42.9563
- CBSA code
- 24340
- CBSA name
- GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA
