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431 Wealthy St SW
Grand Rapids, MI 49503
Retail Property For Sale
EXECUTIVE SUMMARY
This property is at the intersection of two major roads across the street from Grand Rapids largest future transitional development on the Grand River. Corner of Market (west entrance to city) and Wealthy (south entrance to city). Historically, the location was used as the original Grand Rapids railway station. All possible utilities in place, along with being in an opportunity zone make this not only a key location, but a tax protected investment. 201Market Ave SW has been approved for a 12,000-capacity riverfront amphitheater to be built by 2025. The amphitheater is one component of a planned redevelopment of a 31-acre stretch along Market venue between Fulton and Wealthy Streets. The vision for the area, developed by Grand Action in partnership with the city and others, includes up to 1,750 apartments, ground-floor retail space, and parks and greenspace. It’s designed to tie-into and complement efforts to revitalize and restore the Grand River’s rapids in downtown Grand Rapids.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,280 SF
Building Class
C
Year Built
1980
Price
$2,271,868 CAD
Price Per SF
$1,774.90 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
Commercial - Commercial Zoned District
Parking
30 Spaces (23.44 Spaces per 1,000 SF Leased)
Frontage
24’ on Market Ave
AMENITIES
- Bus Line
- Commuter Rail
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 41-13-25-501-022 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,558 CAD |
PROPERTY TAXES
Parcel Number
41-13-25-501-022
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,558 CAD
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