1048 Wealthy Street SE # Suite 2
City of Grand Rapids, MI, 49506 $ 31
Bedrooms-- Baths-- Sq 604 Monthly Estimate*
$ 0
Commercial Property for sale in City of Grand Rapids, MI
for $31. This 604 square foot building was built in 1884 on a lot size of 0.07.
This professional office or studio is located on the second floor of 1048 Wealthy Street, in the heart of the Wealthy Theater Historic District. It has high, vaulted ceilings and a private side entrance on the east side of the building. This 'treehouse' level was gut renovated in 2021, has been fully insulated with spray foam, and has a waiting room, full bathroom, and two multi-purpose use rooms. The building had a full roof replacement in 2026, all new exterior paint, and new gutters. It's near all of Wealthy Street shopping and dining, from Good Judy's to Uncle Cheetah's Soup shop, Hancock, and The Meanwhile. The property owners occupy the lower level of the building- an interior design studio and art gallery. Ample street parking is available; the city-owned Barth Lot is just 350 feet away, and offers a great monthly parking rate. Gross lease of $1600/month includes all utilities- electric, gas, water & sewer, trash, and wifi, with yearly $50/month increases.Would be a great space for massage therapy, acupuncture, a therapist office (or any other office use), 1 on 1 client work including yoga or pilates, lash artist, artist studio, and more. 36-48 month term available. Available October 1st, 2026. ; Lease Term: 36-48 months
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FeaturesGeneralSewer PublicSewer StormDrain
Heating Ductless ForcedAir HeatPump NaturalGas
Cooling Ductless
Utilities ElectricityConnected NaturalGasConnected PhoneAvailable
Roof Composition Rubber
Security Features SmokeDetectors
Construction Materials Block Brick Frame VinylSiding WoodSiding
Year Built 1884
Tenant Pays Insurance
Unit Number Suite 2
Business Type ProfessionalOffice
County Kent
Insurance Expense 0.0
New Construction N
Property Type CommercialLease
HOA N
Attached Garage N
MaintenanceExpense 0.0
Garage Y/N N
Status Active
Directions Wealthy St between Diamond and Fuller. Second floor unit entrance is a door located off the alley on the East side of the building.
City GrandRapidsCity_Kent
Disclosures DocumentsRequireConfidentialityAgreement NonConformingZoning
Senior Community Y/N N
High School District GrandRapids
Zoning Description Other
Number Of Units Total 1
MLS Area Area41142GrandRapids
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Standard Status Active
Occupancy Type Owner
Tax Assessed Value 146300
Total Actual Rent 1600.0
Legal Description E 1/2 OF LOT 8 BLK 1* BARTH S ADDITION
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InteriorBasement CommonStorageLocker
Basement (Y/N) Y
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
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ExteriorParking Features Gravel Unpaved
Water Source Public
Total Parking 0.0
Lot Size Area 3093.0
Foundation Details Basement Block
Number of Buildings 1
Spa N
Building Area Total 604.0
Lot Dimensions 25 x 126
Lot Size Acres 0.07
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByAnna J AlvarezListing Agent
Five Star Real Estate (Eastown)Broker
Affordability Calculator
- Monthly Principal & Interest
- $0
- Monthly Property Taxes
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- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Grand Rapids, MI
Average List Price $958,979
Percent of Sale Price 3,093,382%
About Grand Rapids, MI 199,553 Population
1% Since 2002
$ 43,558 Median Income
34 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909624 Elementary School
4909684 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $31 | | Listed Price |