431 Wealthy St SW, Grand Rapids, MI 49503
For Sale
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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.
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King Ice Cream Shoppe Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
TN-CC · Grand Rapids, MIGrand Rapids. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.