1007 Wealthy Street SE, Grand Rapids, MI 49506
sale
$475,000
|
Retail
Courtesy Of Parkland Realty
940 Monroe Ave NW, Grand Rapids, MI 49503
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 Facade Grant, $225,000 Revitalization and Placemaking grant, and Federal and Michigan historic tax credits. Land-contract terms are also available.
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Property Features
- Age: Over 50 Years Old
- Amenities: Cable Ready
- Building Units: 2
- Exterior Type: Wood Siding
- Legal Description: LOT 1683* STEINMANN S ASSESSOR S PLAT NO 58
- MLSID: 26043253
- Roof Type: Rubber
- Rooms: Basement
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