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2145 Wealthy St SE 384 SF Retail Building Grand Rapids, MI 49506 $800,000 ($2,083.33/SF)
Executive Summary
This 0.23-acre parcel, currently home to a 384 square foot former bank building built in 1994, is ideally positioned within Gaslight Village, a vibrant commercial hub known for stable retail market conditions and increasing rents. While existing deed restrictions prevent future banking or drive-thru restaurant use, the property’s C-1 zoning opens the door for dynamic retail development. Gaslight Village boasts a charming and walkable atmosphere with a diverse mix of local boutiques, national retailers, restaurants, and other businesses, making it a central hub for community life.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
384 SF
Building Class
C
Year Built
1994
Price
$800,000
Price Per SF
$2,083.33
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.23 AC
Zoning
C-1
Parking
10 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
100’ on WEALTHY ST
Amenities
- Bus Line
- Signage
- Drive Thru
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 41-14-33-276-020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $436,100 |
Property Taxes
Parcel Number
41-14-33-276-020
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$436,100
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2145 Wealthy St SE
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