Photos and Property Details for 1007 Wealthy Street SE, Grand Rapids, MI 49506 (MLS# 26043253).
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$475,000
Grand Rapids, MI 49506
MLS# 26043253
3600 sqft
1 / 1
Property Description
Exceptional redevelopment opportunity on the vibrant Wealthy Street corridor, ideally located between Electric Cheetah and The Meanwhile Bar. This historic 3,600 SF building offers incredible flexibility and endless possibilities in one of Grand Rapids' most desirable commercial districts. Whether your vision includes retail, restaurant, hospitality, office, residential, or a combination of uses, this property provides a unique opportunity to create something special. The property also includes parking for three vehicles and a rear yard with patio potential. An approved 10-year OPRA tax abatement is already in place, providing a significant financial advantage by freezing the existing taxable value for 10 years. Additional financial incentives may be available, including a $25,000 Uptown Façade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.
Details
Maps
Documents
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.09
Lot Square Footage: 4000
Lot Dimensions: 40 X 100
Year Built: 1884
Road Frontage: 40
Total # Units: 2
# Fin Bldg Lvls: 3600
Total # Bldgs: 1
Total SqFt: 3600
Property Use Type: Vacant/Owner-User
Waterfront: No
School District: Grand Rapids
Tax Info
Tax ID #: 41-14-29-379-021
Taxable Value: 164378
SEV: 230000
For Tax Year: 2026
Seller's Annual Property Tax: 6415
Tax Year: 2026
Spec Assessment & Type: none
Zoning: TBA TN
Location Property Info
County: Kent
Street #: 1007
Street Name: Wealthy
Suffix: Street
Post Direction: SE
State: MI
Zip Code: 49506
Zip (4): 1516
OfficeContract Info
Status: Active
Current Price: $475,000
List Price: $475,000
Listing Date: 2026-08-17
Property Features
Uses: Bar/Tavern/Lounge; Professional Service; Professional/Office; Restaurant; Retail
Business Includes: Real Estate
Construction Type: Pole/Wood
Exterior Material: Wood Siding
Roofing: Rubber
Below Grade: Basement
Sewer: Public Sewer
Water: Public Water
Utilities Attached: None
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Phone Available
Heat Source: None
Heat Type: None
Driveway: Gravel
Purchase Terms Avail: Cash; Land Contract; Other
Sale Conditions: None
Possession: Close Of Escrow
Survey 
Listing Office: Urban Soil Realty
Listing Agent: Bradley S Veneklase
Last Updated: October - 28 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.