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TEDROS FREMICHAEL HOMES GR

POWERED BY GRAND RIVER REALTY

330 Fuller Ave NE, Grand Rapids, MI 49503 | (616) 821-8491

Bedrooms:

Bathrooms:

2

Square Feet:

2700

Type:

Retail

County:

Kent

School District:

Grand Rapids

Year Built:

1900

Listing Type:

Commercial Sale

City:

Commercial Sale

1035 Wealthy Street SE, Grand Rapids, MI 49506

$595,000

Description

A rare mixed-use building located in Eastown, Grand Rapids, featuring two distinct units:

✖️Residential Unit: A spacious 3-bedroom, 1-bathroom apartment with a rooftop deck.

✖️Commercial Unit: Currently leased to Scorpion Coffee, offering a well-designed space with a side yard patio.

Situated in the heart of Eastown, one of Grand Rapids' most vibrant neighborhoods, the area is known for its historic architecture, walkability, and diverse mix of local businesses. Nearby, you'll find popular spots like Terra GR, The Electric Cheetah, Harmony Brewing Company, Yesterdog, and Wolfgang's Restaurant, along with a variety of boutiques and community spaces.

✖️pro forma Cap Rate: ~8.9%.

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