Retail Space
2184 Wealthy Street Southeast Grand Rapids, MI 49506
Details & Description
Price: $1,500,000
    This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location.Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy.Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.
    Property ID:    271642
    Property URL: melqr.com/271642
    Generated:    04-25-24
    Listing Agents
    Todd Roesler
    KW Commercial
    O: 616-575-1800
    M: 616-717-2226
    toddroesler@kw.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Michigan / Grand Rapids / 49506 / 2184 Wealthy Street Southeast

    2184 Wealthy Street Southeast

    Grand Rapids, MI 49506

    Listing ID: 271642
    Print Single-Page Version
    2184 Wealthy Street Southeast Grand Rapids, MI 49506 | for Sale | Photo 1
    Building Size: 4,151 SF
    Lot Size: 0.100 AC
    Land Size: 4,356 SF
    Building $/SF: $361.36
    Land $/SF: $344.35
    Price
    $1,500,000
    Description

    This East Grand Rapids Mixed Use Building is a very solid investment. Recent retail space changes have also increased longer-term leases. It's one rare opportunity to own an East Grand Rapids asset and prime location.

    Located at the center / crossroads of East Grand Rapids this building sits on the southwest corner on two street fronts. Features include 4 income units with 4 parking spots with potential for expansion to build more rental space. The 2 Bedroom Apartment/Office space and 3 retail units offers a strong historical revenue stream and 100% Occupancy.

    Recent improvements include a newer roof, newer windows, electrical panels updates, hot water heaters, HVAC and more. Pretty easy to show with 48 hours notice.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Grand Rapids History of Retail Space for Sale

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    Grand Rapids Area Market Trends

    Listing Demographics for 2184 Wealthy Street Southeast Grand Rapids, MI 49506

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population12,087114,637257,949
    Population Median Age363635
    Population by Age0-9 Yrs1721 (14%)14217 (12%)34590 (13%)
    10-19 Yrs1961 (16%)14991 (13%)35010 (13%)
    20-29 Yrs1362 (11%)23612 (20%)49800 (19%)
    30-39 Yrs1639 (13%)17037 (14%)37989 (14%)
    40-49 Yrs1771 (14%)12104 (10%)28651 (11%)
    50-59 Yrs1509 (12%)12752 (11%)29005 (11%)
    60-69 Yrs1074 (8%)9874 (8%)22236 (8%)
    70+ Yrs1050 (8%)10050 (8%)20669 (8%)
    Median HH Income$117,464$55,635$53,710
    Total Household Income< 24K357 (8%)10051 (22%)22074 (22%)
    25-49K482 (11%)10117 (23%)23687 (24%)
    50-74K573 (13%)7555 (17%)17879 (18%)
    75-99K402 (9%)5099 (11%)11796 (12%)
    100-199K1429 (33%)8087 (18%)16116 (16%)
    200K+981 (23%)3055 (6%)5615 (5%)
    Highest Education LevelNo Diploma182693620931
    Diploma or GED5091346234424
    Some College8941327531962
    Assoc. Degree355539512481
    Bachelors Degree31622147641555
    Higher Degree25701337923133
    Total Housing Units4,36547,010104,128
    --Owner-Occupied3,63625,16956,125
    --Renter-Occupied58818,79641,042
    Owner-Occupied Values< 100K107441812522
    100-199K6111001724726
    200-299K84650358850
    300-399K74324574612
    400-499K41313462329
    500K+91518963085
    Total Working Age Population9,11092,219203,046
    In Work Force6,25363,019140,292
    Not In Work Force2,85729,20062,754
    Workforce Employed6,03558,986132,226
    Workforce Unemployed2173,9677,970
    Civlian Workforce6,25362,952140,196
    Military Workforce06796
    Total Households4,22443,96597,167
    Family Households3,18024,45456,878
    Non-Family Households1,04419,51140,289
    Married Couple2,72517,22238,248
    Other Family4557,23118,630
    Married w/Child1,4086,92516,743
    Single Male w/Child711,0052,778
    Single Female w/Child2473,0997,940

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Kent County574,335+5602,622+11668,535+12746,921

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 2184 Wealthy Street Southeast in Grand Rapids?
    The asking price for 2184 Wealthy Street Southeast is $1,500,000
    What is the building size of this Retail property in Grand Rapids, MI?
    The size of the building/unit at 2184 Wealthy Street Southeast in Grand Rapids is 4,151 square feet
    How much land does the Grand Rapids, MI property at 2184 Wealthy Street Southeast include?
    2184 Wealthy Street Southeast in Grand Rapids includes 0.100 acres of land
    What kind of Retail is the propery at 2184 Wealthy Street Southeast?
    The property at 2184 Wealthy Street Southeast Grand Rapids, MI 49506 is listed as a Other Retail Retail property
    What is the population within 1 mile of 2184 Wealthy Street Southeast in Grand Rapids?
    The population within 1 mile of 2184 Wealthy Street Southeast Grand Rapids, MI 49506 is 12,087 people.
    Who do I contact for questions about 2184 Wealthy Street Southeast?
    You should contact the listing agent, Todd Roesler, for any details regarding this commercial listing.

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    1103 Division Avenue South, Grand Rapids, MI $750,000 12708 0.35
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    60 Monroe Center Street Northwest, Grand Rapids, MI $2,995,000 16993 0.19
    3094 28th Street Southeast, Kentwood, MI $3,975,000 20000 1.11
    333 28th Street Southeast, Grand Rapids, MI $350,000 4850 0.29

    Closest Commercial Airports

    Airport Distance (mi)
    MBS International Airport (MBS) 87
    South Bend Regional Airport (SBN) 93
    General Mitchell International Airport (MKE) 115
    Price
    $1,500,000
    Listing Agent
    Todd Roesler - CRE Agent at KW Commercial

    Todd Roesler

    KW Commercial

    VIEW AGENT PROFILE

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