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$1,880,000
Est. payment /mo
2 Baths
4,644 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type BusinessandRealEstate
Listing Status Active
Purchase Type For Sale
Square Footage 4,644 sqft
Price per Sqft $404
MLS Listing ID 65025043407
Year Built 1900
Property Sub-Type BusinessandRealEstate
Property Description
Positioned at one of East Hills' most visible corners, this property blends stable income with built-in upside. The upstairs space is fully leased, while the main floor retail offers 1,900 SF under a sale-leaseback with the current operator, ensuring immediate cash flow and a smooth transition for new ownership.Anchoring the corner of Wealthy and Charles, the site also includes a newly branded lot ~ Picnic on Wealthy ~ recently approved for up to three food trucks, adding a vibrant community draw and additional revenue potential. With leased residential, income-producing retail, and a high-profile activation corner, this is a complete package ready to deliver returns from day one.Recent improvements include new vinyl siding, updated HVAC, and separately metered utilities. Zoning allows for up to four stories, with historic protection on 738 Wealthy requiring approval for expansion, while 734 Wealthy has no restrictions.
Location
State MI
County Kent
Area Area41142Grandrapids
Rooms
Basement CommonStorageLocker
Interior
Heating ForcedAir, NaturalGas
Exterior
Utilities Available ElectricityConnected
View Y/N No
Building
Foundation Basement
Sewer PublicSewer
Water Public
Schools
School District Grandrapids
Others
Acceptable Financing Cash, Conventional, Lease
Listing Terms Cash, Conventional, Lease
Special Listing Condition Standard
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Listed by Hannah Greening of Fancy Real Estate
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