620 Wealthy StGrand Rapids, MI 49503

Property Details for 620 Wealthy St

Lot size

0.20 AC

Property size (Sq ft)

3,216 SF

Zone code

TN-TBA

Property type

Retail space

APN

41-14-31-226-037

APU

411431226037

Description

This exceptional 1,684 square foot retail space presents a rare opportunity to establish or expand your business on the vibrant Wealthy Street corridor in Grand Rapids, Kent County. Located on a busy corner, this inline retail space benefits from high foot traffic and visibility. The property is part of a multi-tenant building, offering a dynamic and thriving commercial environment. The space is ideal for a variety of retail uses, providing ample room for showcasing products and services. Its prime location places it within close proximity to a diverse range of established businesses, including Wealthy Street Bakery, Fox Naturals, Dime & Regal, Donkey, Winchester, and Good Truckin' Diner, creating a synergistic and attractive commercial cluster. This presents a unique chance to capitalize on the energy and foot traffic of this bustling area. The property is classified as inline retail and neighborhood retail, catering to the needs of businesses seeking a strong presence within a well-established commercial district. This space offers an excellent opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area. Serious inquiries are encouraged to explore this exceptional retail opportunity. The property is available for immediate occupancy. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $863,448

  6.5%

  $797,029

  7%

  $740,098

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,055,588

  Geo Method

  $1,055,588

• Alternative Use

  Use

  Valuation

  Residential

  $672,324

  Hospitality

  $615,845

  Educational

  $512,376

  Medical

  $529,997

  Retail

  $797,029

Location Insight

City

Grand Rapids

County

Kent

State

Michigan

Latitude

42.9554

Longitude

-85.6533

CBSA code

24340

CBSA name

GRAND RAPIDS-WYOMING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].